Mondelez International, Inc. $MDLZ Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,189 shares of the company’s stock after selling 277 shares during the period. Stratos Wealth Advisors LLC’s holdings in Mondelez International were worth $687,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC purchased a new stake in Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% in the first 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. purchased a new stake in Mondelez International in the first quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Mondelez International in the second quarter valued at approximately $33,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Evercore ISI lowered 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. Barclays boosted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. UBS Group decreased their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, Morgan Stanley decreased their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.84.

Mondelez International Price Performance

MDLZ opened at $62.46 on Monday. 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 $71.82. The company has a 50 day moving average of $62.22 and a two-hundred day moving average of $65.24. The company has a market cap of $80.82 billion, a P/E ratio of 22.88, a P/E/G ratio of 5.58 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share 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%. On average, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. Mondelez International’s payout ratio is currently 73.26%.

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.