Yousif Capital Management LLC Sells 3,427 Shares of Mondelez International, Inc. $MDLZ

Yousif Capital Management LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,336 shares of the company’s stock after selling 3,427 shares during the quarter. Yousif Capital Management LLC’s holdings in Mondelez International were worth $10,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. bought a new position in Mondelez International in the 1st quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new position in Mondelez International in the 2nd quarter valued at $33,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.5%

Shares of NASDAQ MDLZ opened at $61.17 on Tuesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The business has a 50-day simple moving average of $62.24 and a two-hundred day simple moving average of $65.39. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $79.15 billion, a P/E ratio of 22.41, a P/E/G ratio of 4.65 and a beta of 0.45.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target for the company. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Finally, Evercore ISI cut their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.55.

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.