Bridges Investment Management Inc. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 22.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,743 shares of the company’s stock after selling 3,651 shares during the quarter. Bridges Investment Management Inc.’s holdings in Mondelez International were worth $929,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Retirement Group LLC bought a new stake in Mondelez International during the fourth quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Mondelez International during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Mondelez International by 80.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Thompson Investment Management Inc. bought a new position in Mondelez International in the first quarter valued at approximately $28,000. Finally, 25 LLC bought a new stake in Mondelez International during the first quarter worth $28,000. 76.16% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MDLZ has been the topic of several recent analyst reports. Barclays lifted their price target on Mondelez International from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Piper Sandler boosted their target price on Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Morgan Stanley raised their price target on shares of Mondelez International from $79.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. TD Cowen started coverage on shares of Mondelez International in a research report on Wednesday. They set an “outperform” rating and a $82.00 price objective for the company. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.63.
Mondelez International Trading Down 0.6 %
MDLZ opened at $71.94 on Friday. Mondelez International, Inc. has a twelve month low of $54.72 and a twelve month high of $78.59. The company has a fifty day moving average of $72.25 and a 200-day moving average of $72.06. The stock has a market cap of $97.87 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 0.63.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, topping 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 analyst estimates of $8.22 billion. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.24 EPS for the current year.
Mondelez International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.425 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.36%. Mondelez International’s dividend payout ratio (DPR) is 56.29%.
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.
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