Bradley Foster & Sargent Inc. CT Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bradley Foster & Sargent Inc. CT decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,002 shares of the company’s stock after selling 36,974 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Mondelez International were worth $33,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.6 %

Shares of NASDAQ MDLZ opened at $75.10 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The business’s 50 day moving average price is $70.11 and its 200-day moving average price is $69.36. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The company has a market cap of $100.74 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. Mondelez International’s payout ratio is 59.68%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research reports. Evercore ISI dropped their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. 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. TD Cowen dropped their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.