First PREMIER Bank Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

First PREMIER Bank decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,024 shares of the company’s stock after selling 166 shares during the period. First PREMIER Bank’s holdings in Mondelez International were worth $2,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. International Assets Investment Management LLC increased its stake in shares of Mondelez International by 10.4% during the fourth quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after buying an additional 987 shares during the period. Simplicity Solutions LLC boosted its position in Mondelez International by 10.2% during the fourth quarter. Simplicity Solutions LLC now owns 27,509 shares of the company’s stock valued at $1,992,000 after purchasing an additional 2,543 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Mondelez International by 1.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,547,096 shares of the company’s stock valued at $256,916,000 after purchasing an additional 48,370 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its position in Mondelez International by 6.2% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 11,987 shares of the company’s stock valued at $868,000 after purchasing an additional 701 shares in the last quarter. Finally, Cullen Investment Group LTD. bought a new stake in Mondelez International during the fourth quarter valued at about $1,309,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.92 during trading on Thursday, hitting $70.28. The stock had a trading volume of 5,534,672 shares, compared to its average volume of 7,219,520. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The stock has a market capitalization of $94.27 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $67.15 and a two-hundred day simple moving average of $69.58.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Piper Sandler dropped their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday. They set a “buy” rating and a $80.00 price objective on the stock. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Stifel Nicolaus dropped their price objective on 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 given a buy rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $78.61.

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.