Valeo Financial Advisors LLC Sells 9,034 Shares of Mondelez International, Inc. $MDLZ

Valeo Financial Advisors LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 21.1% in the third quarter, HoldingsChannel reports. The fund owned 33,727 shares of the company’s stock after selling 9,034 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Mondelez International were worth $2,107,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd increased its stake in Mondelez International by 29.9% during the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 13,327 shares of the company’s stock valued at $833,000 after purchasing an additional 3,066 shares in the last quarter. Pines Wealth Management LLC increased its position in shares of Mondelez International by 7.5% during the third quarter. Pines Wealth Management LLC now owns 4,510 shares of the company’s stock worth $282,000 after acquiring an additional 313 shares in the last quarter. Stablepoint Partners LLC raised its holdings in shares of Mondelez International by 1.8% in the 3rd quarter. Stablepoint Partners LLC now owns 48,573 shares of the company’s stock worth $3,034,000 after acquiring an additional 859 shares during the last quarter. Phoenix Financial Ltd. lifted its position in Mondelez International by 17.2% in the 3rd quarter. Phoenix Financial Ltd. now owns 3,463 shares of the company’s stock valued at $218,000 after acquiring an additional 508 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Mondelez International by 0.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 64,478 shares of the company’s stock valued at $4,028,000 after purchasing an additional 326 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Morgan Stanley cut their price objective on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus lowered their target price on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.11.

Mondelez International Trading Down 2.2%

Shares of MDLZ opened at $57.73 on Thursday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The business has a 50-day moving average of $55.50 and a 200 day moving average of $59.87. The firm has a market cap of $74.49 billion, a P/E ratio of 21.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.01). The business had revenue of $9.74 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.Mondelez International’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Mondelez International’s payout ratio is presently 74.91%.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.