Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,335,213 shares of the company’s stock after selling 146,977 shares during the period. ProShare Advisors LLC owned about 0.10% of Mondelez International worth $87,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. CreativeOne Wealth LLC lifted its holdings in shares of Mondelez International by 4.8% during the 4th quarter. CreativeOne Wealth LLC now owns 4,714 shares of the company’s stock valued at $341,000 after acquiring an additional 215 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Mondelez International by 21.1% during 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 in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth about $907,000. TCW Group Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $5,149,000. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Mondelez International by 4.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 79,339 shares of the company’s stock valued at $5,848,000 after buying an additional 3,351 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Sanford C. Bernstein lowered their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Bank of America cut their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, TD Cowen lowered their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Performance

MDLZ stock opened at $74.28 on Friday. The stock’s 50 day simple moving average is $70.66 and its 200 day simple moving average is $69.45. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The firm has a market cap of $99.64 billion, a P/E ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) 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.