Centennial Bank AR Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Centennial Bank AR decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,578 shares of the company’s stock after selling 235 shares during the period. Centennial Bank AR’s holdings in Mondelez International were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mondelez International during the 2nd quarter valued at about $252,000. Heritage Oak Wealth Advisors LLC purchased a new position in shares of Mondelez International during the 2nd quarter valued at about $514,000. New Century Financial Group LLC purchased a new position in shares of Mondelez International during the 2nd quarter valued at about $267,000. Ariadne Wealth Management LP purchased a new position in shares of Mondelez International during the 2nd quarter valued at about $1,394,000. Finally, Advisory Alpha LLC raised its stake in shares of Mondelez International by 17.5% during the 2nd quarter. Advisory Alpha LLC now owns 7,000 shares of the company’s stock valued at $458,000 after buying an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MDLZ shares. DA Davidson reduced their price objective 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. 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 research note on Tuesday, July 23rd. Bank of America reduced their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Sanford C. Bernstein reduced their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Down 0.9 %

NASDAQ:MDLZ opened at $72.99 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $71.75 and its two-hundred day moving average is $69.56. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The stock has a market capitalization of $97.91 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for 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%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Research analysts anticipate 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. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.58%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is 59.68%.

Mondelez International 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.