Schnieders Capital Management LLC Trims Position in Mondelez International, Inc. $MDLZ

Schnieders Capital Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,926 shares of the company’s stock after selling 476 shares during the period. Schnieders Capital Management LLC’s holdings in Mondelez International were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Abound Financial LLC purchased a new stake in shares of Mondelez International in the first quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Mondelez International by 376.1% in the first 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. purchased a new stake in shares of Mondelez International in the first quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Mondelez International in the second quarter valued at about $33,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.46 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $62.22 and a 200-day simple moving average of $65.24. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.82. The company has a market capitalization of $80.82 billion, a PE ratio of 22.88, a P/E/G ratio of 5.58 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted 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. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal 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 issued a dividend of $0.50 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is 73.26%.

Analyst Ratings Changes

Several analysts have recently weighed in on MDLZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Evercore ISI cut their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued 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 an average price target 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.