SG Americas Securities LLC Sells 194,355 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

SG Americas Securities LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 97.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,013 shares of the company’s stock after selling 194,355 shares during the quarter. SG Americas Securities LLC’s holdings in Mondelez International were worth $443,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in Mondelez International during the 1st quarter valued at approximately $1,686,000. Alaska Permanent Fund Corp boosted its stake in Mondelez International by 76.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after purchasing an additional 27,370 shares during the period. Duality Advisers LP bought a new stake in Mondelez International during the 1st quarter valued at approximately $4,528,000. BDF Gestion bought a new stake in Mondelez International during the 2nd quarter valued at approximately $6,690,000. Finally, M&G Plc bought a new stake in shares of Mondelez International in the 1st quarter worth approximately $12,010,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDLZ. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Barclays reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Sanford C. Bernstein reduced their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Trading Up 0.2 %

Shares of MDLZ opened at $71.91 on Thursday. The stock has a fifty day moving average price of $72.48 and a two-hundred day moving average price of $69.58. 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 52-week low of $62.42 and a 52-week high of $77.20. The company has a market cap of $96.46 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued 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. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.61%. Mondelez International’s payout ratio 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.