Mondelez International, Inc. $MDLZ Shares Sold by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 99.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,477 shares of the company’s stock after selling 290,961 shares during the period. Leith Wheeler Investment Counsel Ltd.’s holdings in Mondelez International were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MDLZ. Brighton Jones LLC grew its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mondelez International by 21.1% in the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,193 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Mondelez International by 0.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,978 shares of the company’s stock worth $2,713,000 after purchasing an additional 361 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Mondelez International by 20.4% in the 1st quarter. CVA Family Office LLC now owns 7,881 shares of the company’s stock worth $535,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Mondelez International by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 497,768 shares of the company’s stock worth $33,774,000 after purchasing an additional 9,386 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDLZ. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a report on Saturday, September 27th. Wells Fargo & Company cut their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Stock Up 0.7%

Shares of Mondelez International stock opened at $61.45 on Monday. The business’s fifty day moving average price is $62.28 and its two-hundred day moving average price is $65.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is 73.26%.

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.