IFC Advisors LLC Decreases Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• IFC Advisors LLC reduced its holdings in Mondelez International by 79.6% in the second quarter, selling 12,377 shares to own a total of 3,181 shares valued at approximately $215,000.
• The stock has received mixed ratings from analysts, with a consensus of "Moderate Buy" and an average target price of $71.55.
• Mondelez International recently declared a quarterly dividend increase from $0.47 to $0.50, providing a yield of 3.3% based on its latest payout ratio of 73.26%.

IFC Advisors LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 79.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,181 shares of the company's stock after selling 12,377 shares during the quarter. IFC Advisors LLC's holdings in Mondelez International were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 90.1% in 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 purchased a new stake in Mondelez International in the first quarter worth about $866,843,000. Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after buying an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Mondelez International by 659.9% in the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company's stock worth $101,988,000 after acquiring an additional 1,305,332 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Berenberg Bank downgraded 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. Evercore ISI decreased their price objective 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. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Mondelez International in a research note on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $71.55.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $61.17 on Tuesday. The stock has a market capitalization of $79.15 billion, a PE ratio of 22.41, a P/E/G ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70. The business has a 50 day simple moving average of $62.24 and a two-hundred day simple moving average of $65.39. 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 (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 73.26%.

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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