Applied Finance Capital Management LLC Has $1.08 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Applied Finance Capital Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,043 shares of the company’s stock after selling 3,917 shares during the period. Applied Finance Capital Management LLC’s holdings in Mondelez International were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after acquiring an additional 1,013 shares in the last quarter. Canopy Partners LLC raised its holdings in shares of Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after buying an additional 2,876 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after buying an additional 1,075 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after buying an additional 4,002 shares in the last quarter. Finally, CORDA Investment Management LLC. raised its holdings in shares of Mondelez International by 1.5% during the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after buying an additional 8,456 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Evercore ISI lowered their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Stifel Nicolaus boosted their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $70.89.

Mondelez International Price Performance

Shares of MDLZ opened at $61.60 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.35. The business has a 50-day simple moving average of $62.21 and a two-hundred day simple moving average of $65.30. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $79.71 billion, a PE ratio of 22.56, a PEG ratio of 5.51 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were given a $0.50 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is presently 73.26%.

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.