Courier Capital LLC Sells 1,647 Shares of Mondelez International, Inc. $MDLZ

Courier Capital LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 42,428 shares of the company’s stock after selling 1,647 shares during the quarter. Courier Capital LLC’s holdings in Mondelez International were worth $2,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after buying an additional 1,013 shares during the last quarter. Canopy Partners LLC raised its stake 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 worth $1,140,000 after buying an additional 2,876 shares during the last quarter. TCW Group Inc. raised its stake 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 worth $6,679,000 after buying an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake 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 worth $738,000 after buying an additional 4,002 shares during the last quarter. Finally, CORDA Investment Management LLC. grew its holdings in 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 purchasing an additional 8,456 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MDLZ shares. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Evercore ISI decreased their price objective 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 price objective 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. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Stock Down 0.5%

Mondelez International stock opened at $61.17 on Tuesday. The stock has a market capitalization of $79.15 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. 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 50 day moving average of $62.24 and a 200-day moving average of $65.39.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date 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 yield of 3.3%. Mondelez International’s dividend payout ratio is currently 73.26%.

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.