Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by MQS Management LLC

MQS Management LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 49.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,202 shares of the company’s stock after selling 10,069 shares during the period. MQS Management LLC’s holdings in Mondelez International were worth $668,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC raised its stake in Mondelez International by 253.2% in the second quarter. Carolinas Wealth Consulting LLC now owns 15,892 shares of the company’s stock valued at $1,040,000 after buying an additional 11,392 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Mondelez International by 10.0% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 124,063 shares of the company’s stock valued at $8,119,000 after acquiring an additional 11,324 shares during the last quarter. Blair William & Co. IL lifted its stake in Mondelez International by 13.6% during the second quarter. Blair William & Co. IL now owns 293,460 shares of the company’s stock worth $19,204,000 after purchasing an additional 35,108 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Mondelez International by 4.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 131,099 shares of the company’s stock valued at $8,576,000 after purchasing an additional 5,082 shares in the last quarter. Finally, Tredje AP fonden increased its stake in Mondelez International by 13.1% in the second quarter. Tredje AP fonden now owns 112,000 shares of the company’s stock valued at $7,329,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Wells Fargo & Company decreased 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 note on Tuesday, June 4th. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. TD Cowen reduced their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Stock Performance

Shares of MDLZ opened at $75.05 on Thursday. The stock has a market capitalization of $100.67 billion, a P/E ratio of 23.83, a P/E/G ratio of 3.01 and a beta of 0.54. 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 1 year low of $60.75 and a 1 year high of $77.20. The company’s fifty day moving average is $70.29 and its two-hundred day moving average is $69.40.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm 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 revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 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.