FourThought Financial LLC Sells 1,259 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

FourThought Financial LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 12.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,247 shares of the company’s stock after selling 1,259 shares during the period. FourThought Financial LLC’s holdings in Mondelez International were worth $507,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Power Corp of Canada bought a new stake in Mondelez International in the third quarter worth $305,000. Industrial Alliance Investment Management Inc. increased its position in Mondelez International by 3.0% during the third quarter. Industrial Alliance Investment Management Inc. now owns 93,095 shares of the company’s stock valued at $5,104,000 after acquiring an additional 2,724 shares during the last quarter. National Pension Service increased its position in Mondelez International by 2.4% during the third quarter. National Pension Service now owns 2,005,747 shares of the company’s stock valued at $113,666,000 after acquiring an additional 47,897 shares during the last quarter. M&T Bank Corp increased its position in Mondelez International by 1.0% during the third quarter. M&T Bank Corp now owns 414,380 shares of the company’s stock valued at $22,725,000 after acquiring an additional 4,287 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank increased its position in Mondelez International by 4.4% during the third quarter. Cape Cod Five Cents Savings Bank now owns 4,475 shares of the company’s stock valued at $245,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock opened at $66.94 on Friday. The firm has a market cap of $91.26 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.90 and a beta of 0.65. The firm has a 50-day simple moving average of $65.75 and a two-hundred day simple moving average of $63.68. Mondelez International, Inc. has a one year low of $54.72 and a one year high of $68.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.40 and a current ratio of 0.60.

Mondelez International (NASDAQ:MDLZ – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The business had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.30 billion. Mondelez International had a net margin of 8.63% and a return on equity of 15.04%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.17 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.54 annualized dividend and a dividend yield of 2.30%. Mondelez International’s dividend payout ratio (DPR) is currently 78.57%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Mondelez International in a research report on Thursday. They set a “hold” rating on the stock. UBS Group lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their target price for the company from $70.00 to $71.00 in a research note on Thursday, December 8th. Mizuho boosted their target price on shares of Mondelez International from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 6th. Piper Sandler boosted their target price on shares of Mondelez International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. Finally, Credit Suisse Group boosted their target price on shares of Mondelez International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $73.06.

Mondelez International Profile

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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 and candy, cheese and grocery, and meals.