Probity Advisors Inc. Sells 204 Shares of Mondelez International, Inc. $MDLZ

Probity Advisors Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,012 shares of the company’s stock after selling 204 shares during the quarter. Probity Advisors Inc.’s holdings in Mondelez International were worth $338,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MDLZ. Abound Financial LLC bought a new stake in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International in the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 worth $30,000 after buying an additional 346 shares in the last quarter. North Capital Inc. bought a new stake in Mondelez International in the 1st quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the second quarter worth $33,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MDLZ. Morgan Stanley cut their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. cut their price objective on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday, October 17th. Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Price Performance

NASDAQ MDLZ opened at $61.75 on Wednesday. The company has a market capitalization of $79.90 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 5.62 and a beta of 0.45. 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 business’s fifty day moving average is $62.25 and its 200 day moving average is $65.19. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.39.

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

Mondelez International Increases Dividend

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

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.