DRW Securities LLC Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

DRW Securities LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,912 shares of the company’s stock after selling 1,474 shares during the quarter. DRW Securities LLC’s holdings in Mondelez International were worth $455,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms recently weighed in on MDLZ. Stifel Nicolaus lowered 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 Tuesday, July 23rd. TD Cowen decreased their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Finally, DA Davidson lowered 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 note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $74.57 on Tuesday. The company has a market cap of $100.03 billion, a P/E ratio of 23.67, a PEG ratio of 3.01 and a beta of 0.54. The firm has a fifty day moving average price of $70.86 and a 200 day moving average price of $69.46. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.52%. Mondelez International’s 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.