Yousif Capital Management LLC Sells 3,427 Shares of Mondelez International, Inc. $MDLZ

Yousif Capital Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the second quarter, HoldingsChannel.com reports. The fund owned 154,336 shares of the company’s stock after selling 3,427 shares during the period. Yousif Capital Management LLC’s holdings in Mondelez International were worth $10,408,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Hemington Wealth Management boosted its position in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after acquiring an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after acquiring an additional 163 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after acquiring an additional 168 shares during the last quarter. Finally, Enterprise Bank & Trust Co boosted its position in shares of Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.17 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The stock has a 50 day moving average price of $62.24 and a two-hundred day moving average price of $65.39. The company has a market capitalization of $79.15 billion, a P/E ratio of 22.41, a PEG ratio of 4.65 and a beta of 0.45.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is presently 73.26%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDLZ. Sanford C. Bernstein raised their price objective on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group decreased their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a report on Saturday, September 27th. Finally, Wells Fargo & Company decreased their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.55.

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.