Hanson & Doremus Investment Management lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,860 shares of the company's stock after selling 769 shares during the period. Hanson & Doremus Investment Management's holdings in Mondelez International were worth $674,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Mondelez International by 2.0% during the first quarter. Vanguard Group Inc. now owns 115,811,776 shares of the company's stock valued at $7,270,664,000 after acquiring an additional 2,302,582 shares in the last quarter. BlackRock Inc. lifted its position in Mondelez International by 8.6% during the first quarter. BlackRock Inc. now owns 95,055,488 shares of the company's stock valued at $5,967,581,000 after purchasing an additional 7,536,591 shares during the last quarter. Wellington Management Group LLP lifted its position in Mondelez International by 5.6% during the first quarter. Wellington Management Group LLP now owns 42,884,187 shares of the company's stock valued at $2,692,268,000 after purchasing an additional 2,267,564 shares during the last quarter. Capital International Investors lifted its holdings in shares of Mondelez International by 14.6% in the 4th quarter. Capital International Investors now owns 17,008,751 shares of the company's stock worth $1,127,779,000 after acquiring an additional 2,162,384 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $878,654,000. Hedge funds and other institutional investors own 76.41% of the company's stock.
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Analysts Set New Price Targets
A number of brokerages have recently weighed in on MDLZ. UBS Group lowered their price objective on shares of Mondelez International to $73.00 in a report on Friday, July 22nd. Piper Sandler lowered their price objective on shares of Mondelez International to $72.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Cowen began coverage on shares of Mondelez International in a report on Wednesday, September 14th. They issued an "outperform" rating and a $71.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. Finally, Sanford C. Bernstein upped their price target on shares of Mondelez International to $79.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $72.85.
Mondelez International Stock Down 1.0 %
Shares of Mondelez International stock opened at $58.35 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The company's fifty day simple moving average is $62.54 and its two-hundred day simple moving average is $62.67. The company has a market cap of $79.97 billion, a P/E ratio of 21.22, a PEG ratio of 2.94 and a beta of 0.60. Mondelez International, Inc. has a 12-month low of $57.63 and a 12-month high of $69.47.
Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The business had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $6.81 billion. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. During the same period in the previous year, the firm earned $0.66 EPS. Research analysts anticipate that Mondelez International, Inc. will post 2.91 EPS for the current year.
Mondelez International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.385 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 29th. Mondelez International's payout ratio is presently 50.91%.
About Mondelez International
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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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