Weaver Capital Management LLC Has $319,000 Stock Position in Mondelez International, Inc. $MDLZ

Weaver Capital Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 66.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,107 shares of the company’s stock after selling 10,142 shares during the quarter. Weaver Capital Management LLC’s holdings in Mondelez International were worth $319,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Soundwatch Capital LLC acquired a new position in shares of Mondelez International during the second quarter worth about $27,000. Rossby Financial LCC lifted its stake 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 acquiring an additional 406 shares in the last quarter. Aspect Partners LLC lifted its stake in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Financial Connections Group Inc. acquired a new position in Mondelez International during the 2nd quarter worth approximately $33,000. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Evercore ISI lowered their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $67.58.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $55.04 on Tuesday. Mondelez International, Inc. has a 52 week low of $53.13 and a 52 week high of $71.15. The company has a market capitalization of $71.02 billion, a price-to-earnings ratio of 20.61 and a beta of 0.39. The company has a 50-day simple moving average of $56.39 and a 200 day simple moving average of $61.65. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 return on equity of 14.16% and a net margin of 9.38%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

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.