Shell Asset Management Co. trimmed its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,811 shares of the company’s stock after selling 9,888 shares during the period. Shell Asset Management Co.’s holdings in Mondelez International were worth $6,100,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. bought a new position in shares of Mondelez International in the fourth quarter valued at $25,000. Americana Partners LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $26,000. IndexIQ Advisors LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $27,000. Marquette Asset Management LLC bought a new position in shares of Mondelez International in the first quarter valued at $25,000. Finally, Retirement Network bought a new position in shares of Mondelez International in the fourth quarter valued at $28,000. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $50.32 per share, for a total transaction of $100,640.00. 1.30% of the stock is currently owned by company insiders.
Several analysts have recently commented on MDLZ shares. Stifel Nicolaus upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Monday, March 30th. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Friday. Piper Sandler lowered their target price on shares of Mondelez International from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley increased their target price on shares of Mondelez International from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Guggenheim lowered their target price on shares of Mondelez International from $58.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.00.
NASDAQ MDLZ traded up $0.42 during trading hours on Friday, reaching $49.70. 4,138,907 shares of the company were exchanged, compared to its average volume of 6,795,827. Mondelez International Inc has a 1 year low of $41.19 and a 1 year high of $59.96. The business’s 50 day simple moving average is $51.26 and its 200-day simple moving average is $53.24. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $70.62 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.98 and a beta of 0.62.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.60 billion. Mondelez International had a net margin of 14.24% and a return on equity of 13.73%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Mondelez International Inc will post 2.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.285 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.29%. Mondelez International’s dividend payout ratio (DPR) is currently 46.15%.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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