Ethic Inc. Sells 32,141 Shares of Mondelez International, Inc. $MDLZ

Ethic Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,089 shares of the company’s stock after selling 32,141 shares during the quarter. Ethic Inc.’s holdings in Mondelez International were worth $11,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Soundwatch Capital LLC acquired a new position in shares of Mondelez International during the second quarter valued at about $27,000. Rossby Financial LCC increased its position in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares in the last quarter. Aspect Partners LLC raised its stake in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares during the period. Financial Connections Group Inc. bought a new position in Mondelez International in the second quarter worth approximately $33,000. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after acquiring an additional 196 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $54.64 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The firm has a 50-day moving average of $56.55 and a 200-day moving average of $61.74. Mondelez International, Inc. has a one year low of $53.13 and a one year high of $71.15. The company has a market cap of $70.51 billion, a P/E ratio of 20.46 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio is currently 74.91%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MDLZ shares. Evercore ISI lowered their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Barclays lowered their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Mizuho reduced their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.58.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.