Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Advocate Group LLC

Advocate Group LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,755 shares of the company’s stock after selling 1,371 shares during the quarter. Advocate Group LLC’s holdings in Mondelez International were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Perpetual Ltd grew its stake in shares of Mondelez International by 18.7% in the third quarter. Perpetual Ltd now owns 11,575 shares of the company’s stock valued at $853,000 after buying an additional 1,825 shares in the last quarter. Enterprise Bank & Trust Co boosted its holdings in Mondelez International by 1.8% during the 3rd quarter. Enterprise Bank & Trust Co now owns 24,381 shares of the company’s stock valued at $1,796,000 after acquiring an additional 423 shares during the period. Wedmont Private Capital grew its position in Mondelez International by 3.4% in the 3rd quarter. Wedmont Private Capital now owns 10,150 shares of the company’s stock valued at $721,000 after acquiring an additional 330 shares in the last quarter. CWM LLC increased its stake in Mondelez International by 9.8% during the third quarter. CWM LLC now owns 102,703 shares of the company’s stock worth $7,566,000 after purchasing an additional 9,208 shares during the period. Finally, Eagle Wealth Strategies LLC lifted its position in shares of Mondelez International by 3.1% during the third quarter. Eagle Wealth Strategies LLC now owns 6,263 shares of the company’s stock worth $461,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein cut their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Citigroup upped their price target on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.41.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.13 on Thursday, reaching $71.18. The stock had a trading volume of 528,820 shares, compared to its average volume of 6,819,455. The stock has a market cap of $95.48 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The business’s 50-day moving average price is $72.27 and its 200 day moving average price is $69.55. 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 released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is an increase 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 dividend yield of 2.64%. Mondelez International’s dividend payout ratio is 59.68%.

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.