Verdence Capital Advisors LLC Sells 306 Shares of Mondelez International, Inc. $MDLZ

Verdence Capital Advisors LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,131 shares of the company’s stock after selling 306 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Mondelez International were worth $683,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Hemington Wealth Management boosted its holdings in shares of Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after buying an additional 156 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after buying an additional 160 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 valued at $41,000 after buying an additional 163 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after buying an additional 168 shares in the last quarter. Finally, Enterprise Bank & Trust Co boosted its holdings in shares of Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after buying an additional 170 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

MDLZ opened at $62.13 on Wednesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $80.39 billion, a PE ratio of 22.76, a P/E/G ratio of 4.63 and a beta of 0.45. The firm has a 50 day moving average of $62.23 and a two-hundred day moving average of $65.37.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.50 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price for the company. UBS Group lowered their target price 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, October 8th. Evercore ISI lowered their target price 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, Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Thirteen equities 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 stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $70.89.

About Mondelez International

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.