Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lessened by Harbour Investments Inc.

Harbour Investments Inc. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,180 shares of the company’s stock after selling 306 shares during the quarter. Harbour Investments Inc.’s holdings in Mondelez International were worth $470,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC lifted its position in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter worth about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the 2nd quarter worth about $27,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth about $34,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of analyst reports. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. DA Davidson dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Bank of America lowered their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Performance

Shares of MDLZ opened at $71.25 on Thursday. The firm’s 50 day moving average is $67.85 and its 200-day moving average is $69.25. The stock has a market capitalization of $95.57 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

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.