Harbour Investments Inc. Decreases Stake in Mondelez International, Inc. $MDLZ

Harbour Investments Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,246 shares of the company’s stock after selling 435 shares during the period. Harbour Investments Inc.’s holdings in Mondelez International were worth $624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC acquired a new position in Mondelez International during the 1st quarter worth approximately $866,843,000. Invesco Ltd. lifted its position in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after acquiring an additional 137,604 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in Mondelez International by 1.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after acquiring an additional 89,362 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 1.4%

MDLZ stock opened at $62.46 on Monday. 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 1-year low of $53.95 and a 1-year high of $71.82. The firm has a fifty day moving average price of $62.22 and a two-hundred day moving average price of $65.24. The firm has a market cap of $80.82 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 5.58 and a beta of 0.45.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is presently 73.26%.

Analyst Ratings Changes

Several equities analysts recently commented on MDLZ shares. Berenberg Bank lowered 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. Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Evercore ISI cut their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Wells Fargo & Company cut their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.84.

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.