Mn Services Vermogensbeheer B.V. Sells 12,300 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 538,000 shares of the company's stock after selling 12,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Mondelez International were worth $35,207,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. First Merchants Corp bought a new stake in shares of Mondelez International during the second quarter valued at approximately $800,000. Atlantic Union Bankshares Corp boosted its stake in Mondelez International by 8.5% during the second quarter. Atlantic Union Bankshares Corp now owns 73,643 shares of the company's stock worth $4,819,000 after buying an additional 5,740 shares in the last quarter. LRI Investments LLC increased its holdings in Mondelez International by 310.2% in the 2nd quarter. LRI Investments LLC now owns 7,934 shares of the company's stock valued at $519,000 after buying an additional 6,000 shares during the period. Family Firm Inc. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $73,000. Finally, Grove Bank & Trust raised its stake in shares of Mondelez International by 1.8% in the 2nd quarter. Grove Bank & Trust now owns 9,904 shares of the company's stock valued at $648,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of Mondelez International from $82.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a "buy" rating on the stock in a research note on Thursday, June 6th. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They issued a "buy" rating and a $80.00 price target on the stock. Finally, Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a 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 company's stock. According to MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $78.61.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.40 during midday trading on Friday, reaching $71.23. The company had a trading volume of 4,586,583 shares, compared to its average volume of 7,108,463. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $67.64 and a 200 day simple moving average of $69.32. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a market capitalization of $95.55 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion during the quarter, compared to analysts' expectations of $8.45 billion. During the same period last year, the firm earned $0.76 EPS. The business's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed 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. This is a boost from Mondelez International's previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, September 30th. Mondelez International's payout ratio is currently 59.68%.

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.

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