Bank Pictet & Cie Europe AG Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank Pictet & Cie Europe AG reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,357 shares of the company’s stock after selling 25,607 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Mondelez International were worth $22,273,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Bogart Wealth LLC grew its stake in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the fourth quarter worth approximately $26,000. HHM Wealth Advisors LLC bought a new stake in Mondelez International during the fourth quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International during the second quarter valued at approximately $26,000. Finally, Lynx Investment Advisory bought a new stake in Mondelez International during the second quarter valued at approximately $27,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ traded up $0.40 on Friday, hitting $71.23. 4,586,583 shares of the company’s stock were exchanged, compared to its average volume of 7,108,463. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $67.64 and a 200-day moving average price of $69.32. The stock has a market cap of $95.55 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion for 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 company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.64%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. 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 report on Wednesday, July 31st. 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. Finally, Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.