Weaver Capital Management LLC Has $1.60 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Weaver Capital Management LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,650 shares of the company’s stock after selling 691 shares during the period. Weaver Capital Management LLC’s holdings in Mondelez International were worth $1,595,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $29,000. ESL Trust Services LLC bought a new position in shares of Mondelez International in the first quarter valued at $38,000. Finally, Albion Financial Group UT acquired a new position in Mondelez International during the first quarter worth $44,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 1.3 %

MDLZ stock opened at $71.35 on Wednesday. The firm has a 50-day moving average price of $72.57 and a 200-day moving average price of $69.66. Mondelez International, Inc. has a 12 month low of $63.66 and a 12 month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $95.71 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its 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. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday. They issued a “buy” rating and a $82.00 price target on the stock. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.06.

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.