JFS Wealth Advisors LLC Sells 285 Shares of Mondelez International, Inc. $MDLZ

JFS Wealth Advisors LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,231 shares of the company’s stock after selling 285 shares during the period. JFS Wealth Advisors LLC’s holdings in Mondelez International were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares during the last quarter. North Capital Inc. bought a new position in shares of Mondelez International in the 1st quarter worth $31,000. Finally, Saudi Central Bank bought a new position in shares of Mondelez International in the 1st quarter worth $36,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target on the stock. 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 research note on Thursday, October 2nd. UBS Group cut their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. Evercore ISI cut their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Fourteen research 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. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Trading Up 0.7%

Shares of MDLZ opened at $61.45 on Friday. The stock has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.65 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. The firm has a fifty day simple moving average of $62.28 and a two-hundred day simple moving average of $65.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70.

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

Mondelez International Increases Dividend

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