Sanders Morris Harris LLC Reduces Position in Mondelez International, Inc. $MDLZ

Key Points

• Sanders Morris Harris LLC reduced its position in Mondelez International by 84.7% in the 2nd quarter, now holding only 3,530 shares valued at approximately $238,000.
• In contrast, several institutional investors increased their stakes in Mondelez International, with Price T Rowe Associates Inc. boosting its holdings by 90.1% in the 1st quarter.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, up from $0.47, indicating a strong 3.2% dividend yield.

Sanders Morris Harris LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 84.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,530 shares of the company's stock after selling 19,524 shares during the quarter. Sanders Morris Harris LLC's holdings in Mondelez International were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Price T Rowe Associates Inc. MD boosted its stake in shares of Mondelez International by 90.1% during 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 during the last quarter. Nuveen LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. lifted its stake in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after buying an additional 1,775,570 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Mondelez International by 659.9% during the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company's stock valued at $101,988,000 after buying an additional 1,305,332 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Evercore ISI lowered their target price on shares of 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 lifted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating on the stock in a report on Friday. Wells Fargo & Company reduced their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Finally, Berenberg Bank downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.84.

Mondelez International Stock Up 0.6%

NASDAQ:MDLZ opened at $62.81 on Tuesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.82. The company has a market cap of $81.27 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. The stock has a fifty day simple moving average of $62.25 and a 200-day simple moving average of $65.21. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were 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 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International's payout ratio is presently 73.26%.

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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