Driehaus Capital Management LLC Has $353,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Driehaus Capital Management LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 49.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,389 shares of the company’s stock after selling 5,351 shares during the period. Driehaus Capital Management LLC’s holdings in Mondelez International were worth $353,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $29,000. Finally, Transcendent Capital Group LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

Shares of Mondelez International stock opened at $73.67 on Tuesday. The business has a fifty day simple moving average of $71.61 and a 200 day simple moving average of $69.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $98.82 billion, a PE ratio of 23.39, 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.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.55%. Mondelez International’s payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MDLZ shares. Barclays decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. TD Cowen decreased their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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.