Bahl & Gaynor Inc. Sells 54,044 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bahl & Gaynor Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,739,454 shares of the company’s stock after selling 54,044 shares during the period. Mondelez International comprises 2.1% of Bahl & Gaynor Inc.’s portfolio, making the stock its 13th largest holding. Bahl & Gaynor Inc. owned about 0.43% of Mondelez International worth $375,590,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the 2nd quarter worth approximately $29,000. Finally, Transcendent Capital Group LLC bought a new position in Mondelez International in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $75.13 on Wednesday. The firm has a market cap of $100.78 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average is $69.23 and its two-hundred day moving average is $69.30. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the firm posted $0.76 earnings per share. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company 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 $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.50%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Evercore ISI dropped their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Sanford C. Bernstein cut their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Bank of America cut their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.61.

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.