MONECO Advisors LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the company’s stock after selling 193 shares during the quarter. MONECO Advisors LLC’s holdings in Mondelez International were worth $484,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Keel Point LLC acquired a new position in shares of Mondelez International in the 2nd quarter valued at approximately $232,000. Clean Yield Group acquired a new position in Mondelez International during the 2nd quarter worth approximately $25,000. Sound Income Strategies LLC increased its position in Mondelez International by 606.8% during the 2nd quarter. Sound Income Strategies LLC now owns 417 shares of the company’s stock worth $26,000 after purchasing an additional 358 shares in the last quarter. Newton One Investments LLC acquired a new position in Mondelez International during the 2nd quarter worth approximately $29,000. Finally, Tradewinds Capital Management LLC increased its position in Mondelez International by 579.7% during the 2nd quarter. Tradewinds Capital Management LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.
A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of Mondelez International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 30th. Piper Sandler upped their price objective on shares of Mondelez International from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $71.00 target price on shares of Mondelez International in a report on Friday, August 6th. Finally, Guggenheim boosted their target price on shares of Mondelez International from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $67.08.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 27th. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Mondelez International had a net margin of 15.49% and a return on equity of 14.30%. The company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.41 billion. During the same period in the prior year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 2.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 2.32%. Mondelez International’s dividend payout ratio is currently 48.65%.
In other Mondelez International news, Director Peter W. May sold 79,346 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $62.06, for a total transaction of $4,924,212.76. Following the transaction, the director now owns 16,062 shares in the company, valued at $996,807.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter W. May sold 399,654 shares of the company’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $61.99, for a total transaction of $24,774,551.46. Following the transaction, the director now owns 16,062 shares in the company, valued at approximately $995,683.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 640,316 shares of company stock worth $39,732,619. 0.90% of the stock is owned by insiders.
Mondelez International Profile
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.
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