Bard Financial Services Inc. Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bard Financial Services Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 59.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,055 shares of the company’s stock after selling 21,630 shares during the quarter. Bard Financial Services Inc.’s holdings in Mondelez International were worth $1,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC increased its holdings in shares of Mondelez International by 10.4% during the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after acquiring an additional 16,450 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Mondelez International in the 1st quarter worth about $1,686,000. Schroder Investment Management Group increased its holdings in Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after buying an additional 168,639 shares in the last quarter. Alaska Permanent Fund Corp increased its holdings in Mondelez International by 76.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after buying an additional 27,370 shares in the last quarter. Finally, GLOBALT Investments LLC GA bought a new stake in Mondelez International in the 4th quarter worth about $5,290,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. DA Davidson reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Sanford C. Bernstein reduced their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Stifel Nicolaus cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.35 during trading hours on Friday, reaching $71.51. The company’s stock had a trading volume of 4,379,169 shares, compared to its average volume of 6,891,803. The firm’s 50-day moving average price is $72.07 and its 200-day moving average price is $69.59. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a market capitalization of $95.92 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.