Schafer Cullen Capital Management Inc Lowers Holdings in Mondelez International Inc (NASDAQ:MDLZ)

Schafer Cullen Capital Management Inc cut its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,453 shares of the company’s stock after selling 16,045 shares during the period. Schafer Cullen Capital Management Inc’s holdings in Mondelez International were worth $7,769,000 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. Mn Services Vermogensbeheer B.V. increased its stake in Mondelez International by 0.5% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 249,975 shares of the company’s stock worth $12,479,000 after acquiring an additional 1,200 shares during the last quarter. Alphasimplex Group LLC increased its stake in Mondelez International by 31.9% in the 1st quarter. Alphasimplex Group LLC now owns 68,437 shares of the company’s stock worth $3,416,000 after acquiring an additional 16,536 shares during the last quarter. Calamos Advisors LLC increased its stake in Mondelez International by 0.5% in the 1st quarter. Calamos Advisors LLC now owns 918,095 shares of the company’s stock worth $45,831,000 after acquiring an additional 4,352 shares during the last quarter. Clearbridge Investments LLC increased its stake in Mondelez International by 2.7% in the 1st quarter. Clearbridge Investments LLC now owns 9,245,844 shares of the company’s stock worth $461,553,000 after acquiring an additional 242,141 shares during the last quarter. Finally, Cohen Klingenstein LLC increased its stake in Mondelez International by 175.0% in the 2nd quarter. Cohen Klingenstein LLC now owns 38,353 shares of the company’s stock worth $2,067,000 after acquiring an additional 24,406 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on MDLZ. ValuEngine downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Credit Suisse Group boosted their target price on Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Finally, Evercore ISI started coverage on Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $57.50.

Shares of NASDAQ MDLZ traded down $0.13 during trading hours on Friday, hitting $54.82. 4,464,387 shares of the company traded hands, compared to its average volume of 5,955,636. The company has a market capitalization of $76.10 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $54.66. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $55.85.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The company had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. Mondelez International’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. Sell-side analysts forecast that Mondelez International Inc will post 2.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio is 42.80%.

In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Mondelez International Company Profile

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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