Clearview Wealth Advisors LLC Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Clearview Wealth Advisors LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,209 shares of the company’s stock after selling 273 shares during the period. Clearview Wealth Advisors LLC’s holdings in Mondelez International were worth $341,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Mondelez International by 10.4% during the 4th quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock worth $761,000 after purchasing an additional 987 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Mondelez International by 1.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 455,189 shares of the company’s stock valued at $32,969,000 after buying an additional 6,691 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Mondelez International by 41.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 62,443 shares of the company’s stock valued at $4,523,000 after buying an additional 18,235 shares during the period. Sapient Capital LLC acquired a new position in Mondelez International in the 4th quarter valued at $2,930,000. Finally, ARS Wealth Advisors Group LLC lifted its stake in shares of Mondelez International by 11.8% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 4,164 shares of the company’s stock worth $302,000 after purchasing an additional 440 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. Sanford C. Bernstein dropped their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America decreased 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 report on Wednesday, July 10th. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Evercore ISI decreased their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Price Performance

NASDAQ MDLZ traded up $1.08 on Friday, reaching $71.81. 6,158,437 shares of the stock traded hands, compared to its average volume of 5,564,104. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a market cap of $96.32 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.90 and a beta of 0.53. The firm’s fifty day simple moving average is $68.15 and its 200 day simple moving average is $69.24. 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 announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share 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 analysts’ expectations of $8.45 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.62%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) 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.