Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Decreased by MONECO Advisors LLC

MONECO Advisors LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 50.4% during the first quarter, Holdings Channel.com reports. The firm owned 4,086 shares of the company’s stock after selling 4,144 shares during the period. MONECO Advisors LLC’s holdings in Mondelez International were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Landmark Wealth Management LLC bought a new stake in Mondelez International in the first quarter worth about $27,000. Bivin & Associates Inc. bought a new stake in Mondelez International in the fourth quarter worth about $25,000. FSB Premier Wealth Management Inc. bought a new stake in Mondelez International in the fourth quarter worth about $27,000. Bell Investment Advisors Inc raised its position in Mondelez International by 64.3% in the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares in the last quarter. Finally, Sierra Capital LLC raised its position in Mondelez International by 1,151.4% in the fourth quarter. Sierra Capital LLC now owns 438 shares of the company’s stock worth $29,000 after acquiring an additional 403 shares in the last quarter. 77.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Piper Sandler cut their price objective on Mondelez International to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Credit Suisse Group initiated coverage on Mondelez International in a report on Tuesday, April 12th. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, Mizuho cut their price objective on Mondelez International from $77.00 to $75.00 in a report on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.18.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ MDLZ opened at $63.77 on Friday. The stock has a market cap of $87.40 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.20 and a beta of 0.60. The business has a 50 day simple moving average of $62.05 and a 200 day simple moving average of $63.60. Mondelez International, Inc. has a 52 week low of $57.63 and a 52 week high of $69.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same period in the previous year, the business posted $0.66 earnings per share. On average, research analysts predict that Mondelez International, Inc. will post 2.91 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.54 dividend on an annualized basis and a yield of 2.41%. This is a boost from Mondelez International’s previous quarterly dividend of $0.35. Mondelez International’s dividend payout ratio is presently 50.91%.

Insiders Place Their Bets

In other Mondelez International news, EVP Robin S. Hargrove sold 30,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total transaction of $2,008,730.00. Following the completion of the sale, the executive vice president now owns 32,024 shares of the company’s stock, valued at $2,109,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.

Mondelez International Company Profile

(Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

See Also

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZGet Rating).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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