Carnegie Investment Counsel Lowers Holdings in Mondelez International, Inc. $MDLZ

Carnegie Investment Counsel cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,253 shares of the company’s stock after selling 210 shares during the period. Carnegie Investment Counsel’s holdings in Mondelez International were worth $691,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hemington Wealth Management increased its stake in Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after acquiring an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares during the last quarter. Enterprise Bank & Trust Co increased its stake in Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after acquiring an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC increased its stake in Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after acquiring an additional 175 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group reduced their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $60.77 on Friday. The stock’s fifty day moving average is $62.22 and its two-hundred day moving average is $65.12. The company has a market capitalization of $78.63 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a $0.50 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is currently 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.