Ferguson Wellman Capital Management Inc. Sells 680 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ferguson Wellman Capital Management Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,359 shares of the company’s stock after selling 680 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Mondelez International were worth $1,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in Mondelez International by 14.7% in the second quarter. V Square Quantitative Management LLC now owns 3,229 shares of the company’s stock valued at $211,000 after acquiring an additional 413 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in Mondelez International by 13.7% during the second quarter. Great Valley Advisor Group Inc. now owns 104,060 shares of the company’s stock valued at $6,809,000 after buying an additional 12,545 shares during the period. NorthCrest Asset Manangement LLC grew its position in Mondelez International by 0.6% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 38,994 shares of the company’s stock valued at $2,552,000 after purchasing an additional 226 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Mondelez International by 13.2% in the second quarter. Diversified Trust Co now owns 23,022 shares of the company’s stock worth $1,507,000 after buying an additional 2,690 shares in the last quarter. Finally, Maia Wealth LLC purchased a new stake in shares of Mondelez International during the second quarter valued at approximately $208,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Evercore ISI decreased their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Piper Sandler decreased their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Bank of America lowered their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $1.20 during trading hours on Wednesday, hitting $71.54. 4,181,193 shares of the company were exchanged, compared to its average volume of 7,210,303. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. The company’s 50 day moving average price is $67.04 and its 200-day moving average price is $69.56. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The stock has a market capitalization of $95.96 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 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.