MCF Advisors LLC Sells 485 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Markets Daily

MCF Advisors LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,163 shares of the company’s stock after selling 485 shares during the quarter. MCF Advisors LLC’s holdings in Mondelez International were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axiom Advisory LLC grew its holdings in shares of Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares in the last quarter. Cadence Bank grew its stake in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after buying an additional 149 shares during the period. Sachetta LLC raised its position in shares of Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares in the last quarter. Finally, Carnegie Investment Counsel raised its position in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.0 %

Shares of NASDAQ MDLZ traded down $0.72 during trading on Friday, reaching $69.23. The company had a trading volume of 6,176,667 shares, compared to its average volume of 4,962,339. The stock has a market cap of $92.86 billion, a P/E ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. The company’s fifty day moving average price is $72.54 and its 200-day moving average price is $69.68. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $64.18 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.72%. Mondelez International’s payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDLZ. Citigroup lifted their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $79.35.

Get Our Latest Research Report on Mondelez International

Mondelez International Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).