Garrison Point Advisors LLC Sells 1,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Garrison Point Advisors LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,415 shares of the company’s stock after selling 1,000 shares during the quarter. Garrison Point Advisors LLC’s holdings in Mondelez International were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in Mondelez International during the 1st quarter worth approximately $1,686,000. Duality Advisers LP bought a new position in Mondelez International during the 1st quarter worth approximately $4,528,000. BDF Gestion acquired a new position in shares of Mondelez International in the 2nd quarter valued at about $6,690,000. M&G Plc acquired a new position in shares of Mondelez International during the 1st quarter valued at $12,010,000. Finally, Advisory Services Network LLC boosted its holdings in Mondelez International by 35.3% in the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock worth $4,228,000 after acquiring an additional 15,746 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup lifted their target price on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday. They set a “buy” rating and a $82.00 price objective for the company. Barclays 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 Friday, July 19th. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Mondelez International Trading Down 0.9 %

Shares of MDLZ stock opened at $69.95 on Friday. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20. The company’s 50-day moving average price is $72.56 and its 200-day moving average price is $69.67. The stock has a market cap of $93.83 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.87 and a beta of 0.54. 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 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 period in the previous year, the company posted $0.76 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid 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 yield of 2.69%. The ex-dividend date was Monday, September 30th. Mondelez International’s payout ratio is currently 59.68%.

About Mondelez International

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.