Mizuho Securities USA LLC Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Mizuho Securities USA LLC reduced its stake in Mondelez International by 18.3%, selling 23,164 shares, which now brings their total holdings down to 103,572 shares valued at approximately $7 million.
• Mondelez International reported a 7.7% year-over-year revenue increase in its latest earnings, with an EPS of $0.73, surpassing the consensus estimate of $0.68.
• The company declared a quarterly dividend increase from $0.47 to $0.50, reflecting a payout ratio of approximately 68.86% and an annualized dividend yield of 3.2%.

Mizuho Securities USA LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,572 shares of the company's stock after selling 23,164 shares during the quarter. Mizuho Securities USA LLC's holdings in Mondelez International were worth $7,027,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International during the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. North Capital Inc. bought a new stake in shares of Mondelez International during the first quarter valued at about $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International during the fourth quarter worth about $30,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MDLZ shares. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Barclays raised their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Stock Performance

MDLZ stock traded down $0.17 during trading on Tuesday, hitting $61.39. 7,373,323 shares of the company traded hands, compared to its average volume of 8,531,562. The stock's 50-day simple moving average is $67.16 and its 200 day simple moving average is $65.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a market cap of $79.43 billion, a PE ratio of 22.49, a P/E/G ratio of 4.65 and a beta of 0.46. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the business earned $0.86 EPS. Mondelez International's quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is a positive change 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%. Mondelez International's dividend payout ratio (DPR) is 68.86%.

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.