Mondelez International, Inc. $MDLZ Holdings Reduced by Conning Inc.

Key Points

• Conning Inc. has reduced its position in Mondelez International by 4.1%, now holding 518,924 shares valued at approximately $34.99 million.
• Mondelez International is set to increase its quarterly dividend to $0.50 per share, representing an annualized yield of 3.3%, effective from October 14th.
• Analysts have a consensus price target of $71.55 for Mondelez International, with the majority of 14 analysts rating it a "Buy".

Conning Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 518,924 shares of the company's stock after selling 22,054 shares during the period. Conning Inc.'s holdings in Mondelez International were worth $34,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 purchasing an additional 346 shares during the last quarter. North Capital Inc. bought a new position in Mondelez International in the 1st quarter valued at about $31,000. Finally, Saudi Central Bank bought a new position in Mondelez International in the 1st quarter valued at about $36,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.45 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $62.28 and a 200-day moving average of $65.45. The firm has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 4.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $7.30 billion during the quarter. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is currently 73.26%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MDLZ shares. Stifel Nicolaus increased their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Evercore ISI decreased their target price on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. Berenberg Bank lowered shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research report on Thursday, October 2nd. Finally, Barclays increased their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $71.55.

Mondelez International Company 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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