Bill Few Associates Inc. Trims Stake in Mondelez International, Inc. $MDLZ

Bill Few Associates Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,355 shares of the company’s stock after selling 468 shares during the quarter. Bill Few Associates Inc.’s holdings in Mondelez International were worth $226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Price T Rowe Associates Inc. MD raised its holdings in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. raised its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares during the period. Natixis Advisors LLC raised its holdings in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after buying an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Mondelez International by 659.9% in the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock valued at $101,988,000 after buying an additional 1,305,332 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. started coverage on Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective on the stock. Evercore ISI cut their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Trading Up 0.7%

MDLZ opened at $61.45 on Monday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70. The stock has a market capitalization of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a fifty day moving average price of $62.28 and a 200 day moving average price of $65.43.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s 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.