Valley National Advisers Inc. Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Valley National Advisers Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,816 shares of the company’s stock after selling 4,496 shares during the period. Valley National Advisers Inc.’s holdings in Mondelez International were worth $501,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the second quarter valued at $29,000. ESL Trust Services LLC purchased a new stake in Mondelez International during the first quarter valued at about $38,000. Finally, Albion Financial Group UT acquired a new stake in Mondelez International during the first quarter worth about $44,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. 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. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.35.

Mondelez International Trading Down 1.0 %

Shares of MDLZ stock opened at $69.23 on Monday. The company has a market capitalization of $92.86 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20. The firm has a 50-day moving average price of $72.54 and a 200 day moving average price of $69.71. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released 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. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. Research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

Mondelez International Company 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.