Bull Street Advisors LLC Sells 1,630 Shares of Mondelez International, Inc. $MDLZ

Bull Street Advisors LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,889 shares of the company’s stock after selling 1,630 shares during the quarter. Mondelez International makes up about 1.4% of Bull Street Advisors LLC’s investment portfolio, making the stock its 26th largest position. Bull Street Advisors LLC’s holdings in Mondelez International were worth $2,960,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. bought a new position in Mondelez International in the 1st quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new position in Mondelez International in the 2nd quarter valued at $33,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.7%

NASDAQ MDLZ opened at $61.45 on Friday. The stock has a fifty day moving average of $62.28 and a 200-day moving average of $65.45. The stock has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analysts Set New Price Targets

Several brokerages have issued reports on MDLZ. Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. started coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective for the company. UBS Group lowered their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.55.

About Mondelez International

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.