Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,435 shares of the company’s stock after selling 3,798 shares during the period. Ritholtz Wealth Management’s holdings in Mondelez International were worth $3,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Mondelez International by 10.4% during the 4th quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after buying an additional 987 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Mondelez International by 1.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 455,189 shares of the company’s stock valued at $32,969,000 after acquiring an additional 6,691 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Mondelez International by 41.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 62,443 shares of the company’s stock worth $4,523,000 after acquiring an additional 18,235 shares during the last quarter. Sapient Capital LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $2,930,000. Finally, ARS Wealth Advisors Group LLC raised its stake in Mondelez International by 11.8% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 4,164 shares of the company’s stock valued at $302,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.5 %

Shares of NASDAQ MDLZ traded up $1.08 during midday trading on Friday, hitting $71.81. 6,158,437 shares of the company’s stock were exchanged, compared to its average volume of 5,564,104. The firm’s fifty day simple moving average is $68.15 and its 200-day simple moving average is $69.24. The company has a market cap of $96.32 billion, a PE ratio of 22.80, a P/E/G ratio of 2.90 and a beta of 0.53. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 business 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%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. Research analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.62%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDLZ. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein dropped 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 note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Finally, DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

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.