Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 897,432 shares of the company’s stock after selling 113,953 shares during the period. Mondelez International comprises approximately 1.3% of Crawford Investment Counsel Inc.’s portfolio, making the stock its 29th largest position. Crawford Investment Counsel Inc. owned 0.07% of Mondelez International worth $62,569,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. SPX Gestao de Recursos Ltda purchased a new stake in Mondelez International during the 1st quarter worth about $12,856,000. Vinva Investment Management Ltd acquired a new stake in Mondelez International in the first quarter valued at approximately $3,244,000. Patton Fund Management Inc. acquired a new stake in Mondelez International in the fourth quarter valued at approximately $203,000. Ignite Planners LLC raised its holdings in Mondelez International by 6.6% in the first quarter. Ignite Planners LLC now owns 4,560 shares of the company’s stock valued at $322,000 after acquiring an additional 283 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Mondelez International by 3.2% in the first quarter. Allworth Financial LP now owns 33,338 shares of the company’s stock valued at $2,324,000 after acquiring an additional 1,022 shares in the last quarter. Institutional investors and hedge funds own 76.16% of the company’s stock.

Mondelez International Stock Down 0.3 %

MDLZ opened at $69.82 on Friday. The business has a 50 day moving average price of $72.39 and a two-hundred day moving average price of $71.94. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 0.63. The company has a market cap of $94.98 billion, a PE ratio of 23.12, a P/E/G ratio of 2.39 and a beta of 0.64. Mondelez International, Inc. has a 52 week low of $54.72 and a 52 week high of $78.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Mondelez International had a return on equity of 15.49% and a net margin of 12.13%. The firm had revenue of $8.51 billion during the quarter, compared to the consensus estimate of $8.22 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.24 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is 56.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Barclays upped their price objective on Mondelez International from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Piper Sandler upped their price objective on Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, StockNews.com began coverage on shares of Mondelez International in a report on Thursday, August 17th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $77.39.

Mondelez International Company 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.