Sit Investment Associates Inc. Has $5.50 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sit Investment Associates Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 81,096 shares of the company’s stock after selling 1,421 shares during the quarter. Sit Investment Associates Inc.’s holdings in Mondelez International were worth $5,502,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MDLZ. Abound Financial LLC acquired a new position in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the 1st quarter valued at about $26,000. Transce3nd LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after acquiring an additional 346 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.2%

NASDAQ MDLZ opened at $61.46 on Friday. The business has a fifty day moving average price of $66.86 and a two-hundred day moving average price of $65.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $79.53 billion, a PE ratio of 22.51, a PEG ratio of 4.70 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the prior year, the company earned $0.86 EPS. Mondelez International’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 68.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MDLZ shares. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group lowered their target price on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.95.

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.