Bremer Bank National Association Has $336,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bremer Bank National Association decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 41.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,139 shares of the company’s stock after selling 3,614 shares during the quarter. Bremer Bank National Association’s holdings in Mondelez International were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bogart Wealth LLC grew its holdings in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the 4th quarter worth $26,000. HHM Wealth Advisors LLC bought a new position in Mondelez International in the 4th quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $26,000. Finally, Lynx Investment Advisory bought a new stake in shares of Mondelez International during the second quarter worth $27,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MDLZ. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, TD Cowen decreased their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.86 during midday trading on Wednesday, hitting $71.20. The company had a trading volume of 7,575,382 shares, compared to its average volume of 7,229,392. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The firm has a 50-day moving average price of $67.04 and a 200-day moving average price of $69.56. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $95.50 billion, a PE ratio of 22.60, a P/E/G ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. As a group, analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is 59.68%.

Mondelez International Profile

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.