Mogy Joel R Investment Counsel Inc. Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Mogy Joel R Investment Counsel Inc. decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 33.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,190 shares of the company’s stock after selling 10,510 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Mondelez International were worth $1,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Capital Research Global Investors increased its position in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after purchasing an additional 1,723,537 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Mondelez International by 231.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after purchasing an additional 1,260,124 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $71.58 on Friday. Mondelez International, Inc. has a 52 week low of $63.66 and a 52 week high of $77.20. The company has a 50-day moving average price of $72.53 and a 200 day moving average price of $69.61. The company has a market cap of $96.01 billion, a P/E ratio of 22.72, a PEG ratio of 2.87 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. Mondelez International’s dividend payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays lowered their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.88.

About Mondelez International

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.