Deroy & Devereaux Private Investment Counsel Inc. Sells 4,298 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in Mondelez International by 2.1%, selling 4,298 shares, while still holding 204,252 shares worth $13.8 million.
• Mondelez International recently increased its quarterly dividend from $0.47 to $0.50 per share, resulting in an annualized yield of 3.2%.
• Analysts have mixed ratings on Mondelez, with a "Moderate Buy" average and target prices ranging from $70.00 to $88.00.

Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,252 shares of the company's stock after selling 4,298 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Mondelez International were worth $13,775,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC increased its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. GAMMA Investing LLC increased its stake in Mondelez International by 21.1% during the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company's stock worth $1,243,000 after acquiring an additional 3,193 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Mondelez International by 0.9% during the first quarter. Assenagon Asset Management S.A. now owns 39,978 shares of the company's stock worth $2,713,000 after acquiring an additional 361 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Mondelez International by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 497,768 shares of the company's stock worth $33,774,000 after acquiring an additional 9,386 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after buying an additional 168 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 1.6%

Shares of NASDAQ:MDLZ opened at $62.13 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70. The stock has a market cap of $80.39 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 4.63 and a beta of 0.45. The business's 50 day moving average is $62.23 and its 200 day moving average is $65.37. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The business 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is currently 73.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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 note on Friday, September 26th. Sanford C. Bernstein upped their target price on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Berenberg Bank cut Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research note on Thursday, October 2nd. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley cut their target price on Mondelez International from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $70.89.

Mondelez International 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.

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