D.A. Davidson & CO. Trims Position in Mondelez International, Inc. $MDLZ

D.A. Davidson & CO. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,205 shares of the company’s stock after selling 1,351 shares during the quarter. D.A. Davidson & CO.’s holdings in Mondelez International were worth $4,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in Mondelez International during the first quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter worth about $26,000. North Capital Inc. acquired a new position in Mondelez International during the first quarter worth about $31,000. Financial Connections Group Inc. acquired a new position in Mondelez International during the second quarter worth about $33,000. Finally, Saudi Central Bank acquired a new position in Mondelez International during the first quarter worth about $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.4%

MDLZ stock opened at $60.77 on Friday. The company’s 50 day simple moving average is $62.22 and its 200-day simple moving average is $65.11. The firm has a market capitalization of $78.63 billion, a PE ratio of 22.26, a P/E/G ratio of 5.46 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. 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 (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, UBS Group lowered their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Twelve 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.22.

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.