Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by City State Bank

City State Bank trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,763 shares of the company’s stock after selling 200 shares during the period. City State Bank’s holdings in Mondelez International were worth $181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $34,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $36,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.8 %

NASDAQ MDLZ traded down $0.55 on Tuesday, hitting $68.46. 7,452,087 shares of the stock were exchanged, compared to its average volume of 7,282,342. The company’s 50-day moving average price is $66.82 and its two-hundred day moving average price is $69.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a market capitalization of $91.83 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 2.76 and a beta of 0.53.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MDLZ shares. Stifel Nicolaus decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Piper Sandler increased their target price on shares of Mondelez International from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.06.

Mondelez International Company 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.