Fidelis Capital Partners LLC Sells 9,538 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fidelis Capital Partners LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 44.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,757 shares of the company’s stock after selling 9,538 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Mondelez International were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Epoch Investment Partners Inc. grew its stake in Mondelez International by 8.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 689,903 shares of the company’s stock valued at $45,147,000 after purchasing an additional 55,013 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Mondelez International by 1.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,825,220 shares of the company’s stock worth $250,322,000 after buying an additional 61,084 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Mondelez International by 37,429.5% during the second quarter. Frank Rimerman Advisors LLC now owns 22,893 shares of the company’s stock valued at $1,498,000 after buying an additional 22,832 shares during the period. Prospector Partners LLC increased its holdings in Mondelez International by 0.8% during the second quarter. Prospector Partners LLC now owns 227,670 shares of the company’s stock worth $14,899,000 after buying an additional 1,779 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in Mondelez International by 56.9% in the second quarter. Summit Trail Advisors LLC now owns 51,910 shares of the company’s stock worth $3,419,000 after acquiring an additional 18,834 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.28 on Monday. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a fifty day moving average of $70.66 and a 200-day moving average of $69.43. The company has a market capitalization 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 debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 firm had revenue of $8.34 billion during the quarter, compared to analyst estimates 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 was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus 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 Tuesday, July 23rd. Barclays lowered 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. TD Cowen cut their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

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.