Probity Advisors Inc. Reduces Stake in Mondelez International, Inc. $MDLZ

Probity Advisors Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,012 shares of the company’s stock after selling 204 shares during the quarter. Probity Advisors Inc.’s holdings in Mondelez International were worth $338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Brighton Jones LLC lifted its holdings in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the period. GAMMA Investing LLC lifted its holdings in Mondelez International by 21.1% in the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after buying an additional 3,193 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after buying an additional 4,002 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Mondelez International by 13.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,516 shares of the company’s stock worth $171,000 after buying an additional 295 shares during the period. Finally, XML Financial LLC lifted its holdings in Mondelez International by 3.1% in the 1st quarter. XML Financial LLC now owns 15,361 shares of the company’s stock worth $1,042,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Morgan Stanley lowered their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Stifel Nicolaus raised their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. UBS Group lowered their target price on 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, Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.22.

Mondelez International Stock Down 1.7%

MDLZ stock opened at $61.75 on Wednesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.39. 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 firm has a market cap of $79.90 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 5.62 and a beta of 0.45. The business has a 50 day moving average of $62.25 and a 200 day moving average of $65.19.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio is 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.