Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by ASB Consultores LLC

ASB Consultores LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,581 shares of the company’s stock after selling 1,695 shares during the period. ASB Consultores LLC’s holdings in Mondelez International were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in shares of Mondelez International by 2.2% during the 4th quarter. D.A. Davidson & CO. now owns 47,200 shares of the company’s stock worth $3,419,000 after buying an additional 1,030 shares during the period. CreativeOne Wealth LLC grew its stake in shares of Mondelez International by 4.8% during the fourth quarter. CreativeOne Wealth LLC now owns 4,714 shares of the company’s stock valued at $341,000 after purchasing an additional 215 shares during the last quarter. Assetmark Inc. boosted its position in Mondelez International by 4.8% in the 4th quarter. Assetmark Inc. now owns 63,638 shares of the company’s stock valued at $4,609,000 after buying an additional 2,901 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Mondelez International by 21.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after purchasing an additional 27,379 shares during the period. Finally, Hohimer Wealth Management LLC raised its stake in shares of Mondelez International by 1.5% during the fourth quarter. Hohimer Wealth Management LLC now owns 14,939 shares of the company’s stock worth $1,082,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MDLZ shares. DA Davidson lowered 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 Wednesday, July 31st. Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America cut their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Price Performance

Mondelez International stock opened at $74.28 on Friday. The firm has a market cap of $99.64 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock’s fifty day moving average price is $70.66 and its two-hundred day moving average price is $69.46. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during 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%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is 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.