TCG Advisors LP Reduces Stock Holdings in Mondelez International Inc (NASDAQ:MDLZ)

TCG Advisors LP cut its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 21.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,283 shares of the company’s stock after selling 631 shares during the period. TCG Advisors LP’s holdings in Mondelez International were worth $125,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Foresters Investment Management Company Inc. raised its stake in shares of Mondelez International by 38.7% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 414,650 shares of the company’s stock valued at $22,350,000 after acquiring an additional 115,600 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Mondelez International by 10.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 407,613 shares of the company’s stock worth $21,970,000 after purchasing an additional 38,103 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Mondelez International by 76.2% during the 2nd quarter. Bahl & Gaynor Inc. now owns 2,837,698 shares of the company’s stock valued at $152,952,000 after purchasing an additional 1,227,133 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Mondelez International by 0.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 249,975 shares of the company’s stock valued at $12,479,000 after purchasing an additional 1,200 shares during the period. Finally, Alphasimplex Group LLC grew its holdings in Mondelez International by 31.9% in the 1st quarter. Alphasimplex Group LLC now owns 68,437 shares of the company’s stock valued at $3,416,000 after buying an additional 16,536 shares during the last quarter. Institutional investors and hedge funds own 76.56% of the company’s stock.

Shares of Mondelez International stock traded down $0.08 during trading on Wednesday, hitting $54.25. 432,262 shares of the company’s stock traded hands, compared to its average volume of 4,807,054. The company has a market cap of $78.37 billion, a PE ratio of 22.33, a PEG ratio of 2.96 and a beta of 0.82. The firm’s fifty day moving average price is $54.62 and its 200 day moving average price is $52.20. Mondelez International Inc has a twelve month low of $38.78 and a twelve month high of $56.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. As a group, equities research analysts anticipate that Mondelez International Inc will post 2.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio (DPR) is 42.80%.

In other Mondelez International news, EVP Vinzenz P. Gruber sold 40,377 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the completion of the transaction, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at $4,655,353.76. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Several research analysts have commented on MDLZ shares. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group upped their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Co increased their target price on shares of Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, July 23rd. Finally, Buckingham Research lifted their target price on Mondelez International from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.50.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Featured Story: Institutional Investors

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).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.