Prospera Financial Services Inc Sells 4,912 Shares of Mondelez International Inc (NASDAQ:MDLZ)

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Prospera Financial Services Inc lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 42.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,539 shares of the company’s stock after selling 4,912 shares during the period. Prospera Financial Services Inc’s holdings in Mondelez International were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ellington Management Group LLC boosted its stake in shares of Mondelez International by 74.6% during the second quarter. Ellington Management Group LLC now owns 24,100 shares of the company’s stock valued at $1,299,000 after purchasing an additional 10,300 shares during the period. Vontobel Asset Management Inc. raised its stake in Mondelez International by 1.3% in the 2nd quarter. Vontobel Asset Management Inc. now owns 1,657,807 shares of the company’s stock valued at $89,355,000 after purchasing an additional 21,356 shares during the last quarter. Pathstone Family Office LLC raised its stake in Mondelez International by 50.8% in the 2nd quarter. Pathstone Family Office LLC now owns 2,279 shares of the company’s stock valued at $123,000 after purchasing an additional 768 shares during the last quarter. Tremblant Capital Group raised its stake in Mondelez International by 5.3% in the 2nd quarter. Tremblant Capital Group now owns 1,300,444 shares of the company’s stock valued at $70,094,000 after purchasing an additional 66,024 shares during the last quarter. Finally, Hall Capital Management Co. Inc. raised its stake in Mondelez International by 2.1% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 12,195 shares of the company’s stock valued at $657,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 76.44% of the company’s stock.

Shares of NASDAQ:MDLZ traded up $0.49 during midday trading on Thursday, reaching $55.21. 213,131 shares of the company’s stock were exchanged, compared to its average volume of 4,685,578. The firm’s 50 day simple moving average is $54.56 and its two-hundred day simple moving average is $52.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. The stock has a market cap of $77.95 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 2.84 and a beta of 0.82. Mondelez International Inc has a fifty-two week low of $38.78 and a fifty-two week high of $56.72.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Equities research analysts predict that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.06%. Mondelez International’s payout ratio is 42.80%.

In related news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $56.68, for a total value of $2,288,568.36. Following the sale, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

A number of brokerages have issued reports on MDLZ. UBS Group set a $62.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Citigroup set a $60.00 target price on Mondelez International and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Evercore ISI began coverage on Mondelez International in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price for the company. Credit Suisse Group raised their target price on Mondelez International from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Piper Jaffray Companies set a $62.00 target price on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.50.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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