Pacer Advisors Inc. Sells 29,114 Shares of Mondelez International, Inc. $MDLZ

Pacer Advisors Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 196,419 shares of the company’s stock after selling 29,114 shares during the quarter. Pacer Advisors Inc.’s holdings in Mondelez International were worth $12,270,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Soundwatch Capital LLC bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $27,000. Rossby Financial LCC lifted its holdings in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. Aspect Partners LLC boosted its position in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Financial Connections Group Inc. purchased a new stake in shares of Mondelez International in the second quarter worth $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $54.64 on Friday. The company has a market cap of $70.51 billion, a price-to-earnings ratio of 20.46 and a beta of 0.39. Mondelez International, Inc. has a 1 year low of $53.13 and a 1 year high of $71.15. The stock’s 50 day simple moving average is $56.55 and its two-hundred day simple moving average is $61.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm 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%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. Sanford C. Bernstein decreased their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. DA Davidson dropped their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Bank of America reduced their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target 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.