NorthRock Partners LLC Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

NorthRock Partners LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the second quarter, Holdings Channel.com reports. The firm owned 530,842 shares of the company’s stock after selling 15,513 shares during the period. Mondelez International accounts for about 0.9% of NorthRock Partners LLC’s portfolio, making the stock its 20th largest position. NorthRock Partners LLC’s holdings in Mondelez International were worth $36,048,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after acquiring an additional 1,013 shares during the period. Canopy Partners LLC boosted its position in shares of Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after buying an additional 2,876 shares during the period. TCW Group Inc. boosted its position in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after buying an additional 1,075 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock valued at $738,000 after buying an additional 4,002 shares during the period. Finally, CORDA Investment Management LLC. boosted its position in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after buying an additional 8,456 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a report on Saturday, September 27th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Stock Up 0.7%

Shares of Mondelez International stock opened at $61.45 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The firm’s 50-day moving average is $62.28 and its two-hundred day moving average is $65.43. The stock has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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%. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is currently 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.