Wedbush Securities Inc. Sells 7,324 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wedbush Securities Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,512 shares of the company’s stock after selling 7,324 shares during the quarter. Wedbush Securities Inc.’s holdings in Mondelez International were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC grew its holdings in shares of Mondelez International by 121.6% during the second quarter. Quest Partners LLC now owns 24,513 shares of the company’s stock valued at $1,604,000 after buying an additional 13,450 shares during the last quarter. DDFG Inc bought a new position in Mondelez International in the second quarter worth approximately $267,000. Oak Thistle LLC raised its position in Mondelez International by 4.4% in the second quarter. Oak Thistle LLC now owns 9,855 shares of the company’s stock worth $645,000 after acquiring an additional 415 shares during the period. Morton Community Bank raised its position in Mondelez International by 5.3% in the second quarter. Morton Community Bank now owns 45,036 shares of the company’s stock worth $2,947,000 after acquiring an additional 2,260 shares during the period. Finally, Waddell & Associates LLC raised its position in Mondelez International by 3.8% in the second quarter. Waddell & Associates LLC now owns 4,732 shares of the company’s stock worth $310,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Evercore ISI reduced their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. TD Cowen decreased their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, Bank of America lowered their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Price Performance

Mondelez International stock opened at $75.71 on Tuesday. The firm has a market capitalization of $101.13 billion, a PE ratio of 24.03, a P/E/G ratio of 3.05 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. The firm’s 50-day simple moving average is $69.05 and its 200 day simple moving average is $69.29. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The company’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.48%. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

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.