Rikoon Group LLC Lowers Stock Holdings in Mondelez International Inc (NASDAQ:MDLZ)

Rikoon Group LLC decreased its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 11.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,585 shares of the company’s stock after selling 1,058 shares during the period. Rikoon Group LLC’s holdings in Mondelez International were worth $465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Ibex Wealth Advisors bought a new stake in shares of Mondelez International in the second quarter worth about $26,000. Brand Asset Management Group Inc. grew its stake in shares of Mondelez International by 1,367.6% in the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after purchasing an additional 465 shares during the last quarter. JNBA Financial Advisors grew its stake in shares of Mondelez International by 66.0% in the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Manchester Financial Inc. bought a new stake in shares of Mondelez International in the second quarter worth about $30,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Mondelez International in the second quarter worth about $35,000. Institutional investors and hedge funds own 76.38% of the company’s stock.

In other news, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

MDLZ has been the topic of several recent analyst reports. UBS Group set a $62.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. ValuEngine cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Buckingham Research raised their target price on Mondelez International from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Citigroup set a $60.00 target price on Mondelez International and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus raised their target price on Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.50.

Mondelez International stock traded down $0.55 during trading hours on Friday, hitting $53.96. 440,080 shares of the stock traded hands, compared to its average volume of 6,438,722. The firm’s 50-day moving average price is $54.53 and its two-hundred day moving average price is $51.44. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47. The company has a market cap of $77.86 billion, a PE ratio of 22.16, a PEG ratio of 2.83 and a beta of 0.82. Mondelez International Inc has a one year low of $38.78 and a one year high of $55.85.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. On average, sell-side analysts expect that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.11%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 27th. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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