Magnetar Financial LLC Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Magnetar Financial LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 35.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,391 shares of the company’s stock after selling 22,276 shares during the period. Magnetar Financial LLC’s holdings in Mondelez International were worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. acquired a new stake in Mondelez International in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International in the 2nd quarter valued at $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Mondelez International during the 4th quarter worth $34,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.4 %

NASDAQ:MDLZ opened at $74.57 on Tuesday. The stock has a fifty day moving average price of $70.86 and a two-hundred day moving average price of $69.46. The stock has a market capitalization of $100.03 billion, a price-to-earnings ratio of 23.67, a PEG 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, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for 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%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Sanford C. Bernstein reduced their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Evercore ISI reduced their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.29.

About Mondelez International

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.