Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Lowered by Toth Financial Advisory Corp

Toth Financial Advisory Corp trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,515 shares of the company’s stock after selling 1,535 shares during the period. Mondelez International accounts for 1.2% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 26th biggest holding. Toth Financial Advisory Corp’s holdings in Mondelez International were worth $9,910,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International in the second quarter worth approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International during the 2nd quarter valued at $29,000. ESL Trust Services LLC acquired a new position in shares of Mondelez International in the first quarter worth $38,000. Finally, Riverview Trust Co acquired a new position in shares of Mondelez International in the first quarter worth $44,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ traded down $0.80 during midday trading on Monday, reaching $70.78. The company’s stock had a trading volume of 1,528,193 shares, compared to its average volume of 6,770,292. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $72.53 and a 200 day simple moving average of $69.62. The stock has a market cap of $94.94 billion, a P/E ratio of 22.72, a PEG ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $63.66 and a twelve 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. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. Research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.66%. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. One 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.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price 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.