MML Investors Services LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 123,474 shares of the company’s stock after selling 4,437 shares during the quarter. MML Investors Services LLC’s holdings in Mondelez International were worth $8,609,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of MDLZ. Retirement Group LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Mondelez International in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group grew its position in Mondelez International by 80.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock valued at $27,000 after buying an additional 181 shares during the period. Thompson Investment Management Inc. purchased a new stake in Mondelez International during the first quarter valued at approximately $28,000. Finally, 25 LLC bought a new position in Mondelez International in the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 76.16% of the company’s stock.
Analysts Set New Price Targets
MDLZ has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Mondelez International from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. StockNews.com began coverage on Mondelez International in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Morgan Stanley lifted their price objective on Mondelez International from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Piper Sandler raised their target price on shares of Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.39.
Mondelez International Price Performance
NASDAQ:MDLZ opened at $70.00 on Friday. The business’s 50-day moving average is $72.45 and its 200 day moving average is $71.89. Mondelez International, Inc. has a 12 month low of $54.72 and a 12 month high of $78.59. The company has a market capitalization of $95.23 billion, a P/E ratio of 23.18, a P/E/G ratio of 2.38 and a beta of 0.64. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $8.51 billion for the quarter, compared to the consensus estimate of $8.22 billion. Mondelez International had a return on equity of 15.49% and a net margin of 12.13%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.24 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 annualized dividend and a yield of 2.43%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.39. Mondelez International’s dividend payout ratio (DPR) is 50.99%.
Mondelez International 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.
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