Harbour Investments Inc. Sells 306 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Harbour Investments Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,180 shares of the company’s stock after selling 306 shares during the quarter. Harbour Investments Inc.’s holdings in Mondelez International were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new position in Mondelez International during the 4th quarter valued at about $1,231,413,000. Vanguard Group Inc. lifted its position in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Capital Research Global Investors lifted its position in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. First Trust Advisors LP lifted its position in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $71.25 on Thursday. The business has a fifty day simple moving average of $67.85 and a two-hundred day simple moving average of $69.25. 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 $95.57 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (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 business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Research analysts forecast 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. Stockholders 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 2.64%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MDLZ shares. Barclays cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

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.