Mondelez International, Inc. (NASDAQ:MDLZ) Position Reduced by ZRC Wealth Management LLC

ZRC Wealth Management LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,288 shares of the company’s stock after selling 153 shares during the period. ZRC Wealth Management LLC’s holdings in Mondelez International were worth $169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory acquired a new position in Mondelez International during the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International during the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC acquired a new position in Mondelez International during the 4th quarter valued at about $34,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MDLZ shares. Stifel Nicolaus lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Sanford C. Bernstein reduced their price objective 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. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Barclays reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Stock Up 0.5 %

Shares of MDLZ stock traded up $0.35 during trading on Friday, hitting $71.51. 4,379,169 shares of the company were exchanged, compared to its average volume of 6,891,803. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 3.02 and a beta of 0.54. The business’s 50-day simple moving average is $72.07 and its 200 day simple moving average is $69.59. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. As a group, analysts forecast 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. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.63%. 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 (DPR) is presently 59.68%.

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.