WealthPLAN Partners LLC Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

WealthPLAN Partners LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% in the second quarter, Holdings Channel reports. The institutional investor owned 4,881 shares of the company’s stock after selling 345 shares during the quarter. WealthPLAN Partners LLC’s holdings in Mondelez International were worth $319,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SageView Advisory Group LLC bought a new stake in Mondelez International during the 4th quarter valued at about $907,000. Gotham Asset Management LLC increased its position in shares of Mondelez International by 10.4% during the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after acquiring an additional 16,450 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Mondelez International in the 1st quarter worth approximately $1,686,000. Schroder Investment Management Group lifted its position in Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after acquiring an additional 168,639 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Mondelez International by 21.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after purchasing an additional 27,379 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $75.10 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a market cap of $100.74 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.01 and a beta of 0.54. The company’s 50 day moving average is $70.11 and its two-hundred day moving average is $69.36.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm 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%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. Mondelez International’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDLZ. TD Cowen decreased their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Evercore ISI lowered their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Bank of America cut their target price 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 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

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.