Orleans Capital Management Corp LA Sells 1,775 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Orleans Capital Management Corp LA decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,865 shares of the company’s stock after selling 1,775 shares during the quarter. Orleans Capital Management Corp LA’s holdings in Mondelez International were worth $449,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $73.67 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $71.61 and a 200 day simple moving average of $69.54. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The stock has a market capitalization of $98.82 billion, a PE ratio of 23.39, a P/E/G ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping 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 net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.55%. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their target price 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. Bank of America dropped 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. TD Cowen dropped their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Finally, The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.65.

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.