Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 50.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,086 shares of the company’s stock after selling 4,144 shares during the period. MONECO Advisors LLC’s holdings in Mondelez International were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Lincoln National Corp raised its position in Mondelez International by 8.4% in the 1st quarter. Lincoln National Corp now owns 13,613 shares of the company’s stock valued at $855,000 after purchasing an additional 1,053 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Mondelez International by 7.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,661 shares of the company’s stock worth $983,000 after buying an additional 1,032 shares during the last quarter. SeaBridge Investment Advisors LLC increased its holdings in shares of Mondelez International by 2.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 34,858 shares of the company’s stock valued at $2,188,000 after purchasing an additional 691 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Mondelez International by 8.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 844,059 shares of the company’s stock valued at $52,990,000 after purchasing an additional 69,030 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Mondelez International by 5.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 52,589 shares of the company’s stock valued at $3,301,000 after purchasing an additional 2,607 shares in the last quarter. Institutional investors and hedge funds own 77.10% of the company’s stock.

Insider Activity at Mondelez International

In related news, EVP Robin S. Hargrove sold 30,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $65.86, for a total value of $2,008,730.00. Following the transaction, the executive vice president now owns 32,024 shares in the company, valued at $2,109,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by insiders.

Mondelez International Price Performance

MDLZ opened at $63.77 on Friday. The company’s 50 day simple moving average is $62.05 and its 200 day simple moving average is $63.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $57.63 and a 1 year high of $69.47. The stock has a market capitalization of $87.40 billion, a PE ratio of 23.19, a P/E/G ratio of 3.20 and a beta of 0.60.

Mondelez International (NASDAQ:MDLZGet Rating) last released its earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.91 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.385 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, September 29th. This represents a $1.54 annualized dividend and a yield of 2.41%. Mondelez International’s dividend payout ratio (DPR) is presently 50.91%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. Mizuho lowered their price objective on shares of Mondelez International from $77.00 to $75.00 in a research note on Wednesday, April 27th. Credit Suisse Group began coverage on shares of Mondelez International in a research note on Tuesday, April 12th. They set an “outperform” rating and a $70.00 price target on the stock. Piper Sandler decreased their price target on shares of Mondelez International to $72.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $73.18.

Mondelez International Profile

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

See Also

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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