Johnson Investment Counsel Inc. Sells 739 Shares of Mondelez International, Inc. $MDLZ

Johnson Investment Counsel Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 54,638 shares of the company’s stock after selling 739 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Mondelez International were worth $3,685,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in 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 valued at $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. bought a new stake in Mondelez International in the 1st quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new stake in Mondelez International in the 2nd quarter valued at $33,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.7%

Shares of MDLZ stock opened at $61.45 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The firm’s 50-day moving average is $62.28 and its 200-day moving average is $65.43. The stock has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Sell-side analysts predict 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 will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 73.26%.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

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.