BLB&B Advisors LLC Sells 3,006 Shares of Mondelez International Inc (NASDAQ:MDLZ)

BLB&B Advisors LLC trimmed its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,759 shares of the company’s stock after selling 3,006 shares during the quarter. BLB&B Advisors LLC’s holdings in Mondelez International were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brand Asset Management Group Inc. increased its position in Mondelez International by 1,367.6% during the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after buying an additional 465 shares in the last quarter. JNBA Financial Advisors boosted its holdings in Mondelez International by 66.0% in the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. Manchester Financial Inc. acquired a new position in Mondelez International in the second quarter valued at $30,000. Canton Hathaway LLC acquired a new position in Mondelez International in the first quarter valued at $32,000. Finally, FNY Investment Advisers LLC acquired a new position in Mondelez International in the second quarter valued at $35,000. 76.06% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Maurizio Brusadelli sold 39,882 shares of the 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 sale, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at $4,655,353.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. UBS Group set a $62.00 price objective on Mondelez International and gave the company a “buy” rating in a report on Wednesday, July 31st. Buckingham Research boosted their price objective on Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average target price of $57.50.

NASDAQ MDLZ opened at $53.78 on Friday. Mondelez International Inc has a twelve month low of $38.78 and a twelve month high of $55.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44. The stock has a market cap of $78.70 billion, a PE ratio of 22.13, a PEG ratio of 2.86 and a beta of 0.82. The firm has a 50-day simple moving average of $54.53 and a 200 day simple moving average of $51.25.

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, hitting the Thomson Reuters’ consensus estimate of $0.57. Mondelez International had a net margin of 14.57% and a return on equity of 14.07%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter last year, the business posted $0.56 earnings per share. The company’s revenue was down .8% on a year-over-year basis. Research analysts forecast that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.285 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, September 27th. Mondelez International’s dividend payout ratio is 42.80%.

Mondelez International Profile

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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