Bradley Foster & Sargent Inc. CT Sells 36,974 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bradley Foster & Sargent Inc. CT cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 511,002 shares of the company’s stock after selling 36,974 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Mondelez International were worth $33,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. Capital Research Global Investors raised its position in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares in the last quarter. Capital World Investors raised its position in shares of Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after acquiring an additional 463,738 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.6 %

Shares of MDLZ opened at $75.10 on Wednesday. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $100.74 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.01 and a beta of 0.54. The stock’s 50-day moving average price is $70.11 and its 200-day moving average price is $69.36.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDLZ. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Sanford C. Bernstein reduced their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Bank of America reduced their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. TD Cowen reduced their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Barclays reduced their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.61.

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.