Prosperity Consulting Group LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Prosperity Consulting Group LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,650 shares of the company’s stock after selling 1,590 shares during the period. Prosperity Consulting Group LLC’s holdings in Mondelez International were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SageView Advisory Group LLC purchased a new stake in Mondelez International in the fourth quarter valued at $907,000. Gotham Asset Management LLC boosted its position in shares of Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares during the period. GSA Capital Partners LLP purchased a new position in Mondelez International during the 1st quarter worth approximately $1,686,000. Schroder Investment Management Group increased its position in Mondelez International by 35.1% during the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after buying an additional 168,639 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Mondelez International by 21.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after buying an additional 27,379 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. Evercore ISI decreased their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Stock Up 1.2 %

Shares of NASDAQ MDLZ opened at $75.26 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $69.72 and a 200 day moving average price of $69.33. 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 $100.95 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

About Mondelez International

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.