UNIVEST FINANCIAL Corp Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

UNIVEST FINANCIAL Corp cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,525 shares of the company’s stock after selling 185 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $3,372,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter worth $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Mondelez International during the fourth quarter worth $34,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $75.31 on Friday. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a market cap of $101.02 billion, a PE ratio of 23.91, a P/E/G ratio of 2.90 and a beta of 0.54. The business has a 50-day simple moving average of $68.84 and a two-hundred day simple moving average of $69.34.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analyst Ratings Changes

A number of research firms recently weighed in on MDLZ. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI cut their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Wells Fargo & Company decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Finally, DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently 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.