Mondelez International, Inc. $MDLZ Shares Sold by Advocate Group LLC

Advocate Group LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 46.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,251 shares of the company’s stock after selling 3,674 shares during the period. Advocate Group LLC’s holdings in Mondelez International were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MDLZ. Brighton Jones LLC raised its holdings in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Mondelez International by 8.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 7,458 shares of the company’s stock worth $506,000 after purchasing an additional 573 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Mondelez International by 21.1% during the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,193 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Mondelez International by 0.9% during the first quarter. Assenagon Asset Management S.A. now owns 39,978 shares of the company’s stock worth $2,713,000 after purchasing an additional 361 shares during the last quarter. Finally, Union Bancaire Privee UBP SA raised its holdings in shares of Mondelez International by 131.6% during the first quarter. Union Bancaire Privee UBP SA now owns 4,400 shares of the company’s stock worth $278,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MDLZ shares. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $71.55.

Mondelez International Stock Up 0.7%

MDLZ stock opened at $61.45 on Friday. The stock has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.45. The firm has a 50-day simple moving average of $62.28 and a 200-day simple moving average of $65.45. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

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.