Mondelez International, Inc. $MDLZ Shares Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 553.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,054 shares of the company’s stock after buying an additional 19,524 shares during the quarter. Sanders Morris Harris LLC’s holdings in Mondelez International were worth $1,440,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International in the 2nd quarter valued at about $27,000. Rossby Financial LCC grew its position in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC increased its stake in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Financial Connections Group Inc. purchased a new position in Mondelez International during the second quarter worth about $33,000. Finally, Saudi Central Bank acquired a new stake in Mondelez International in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MDLZ shares. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Morgan Stanley dropped their price target on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $67.95.

Mondelez International Trading Down 0.5%

Shares of MDLZ stock opened at $53.97 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $71.15. The firm’s 50 day moving average price is $57.70 and its two-hundred day moving average price is $62.44. The stock has a market cap of $69.64 billion, a price-to-earnings ratio of 20.21 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $7.30 billion for the quarter. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

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.