Atlantic Union Bankshares Corp cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,642 shares of the company's stock after selling 3,616 shares during the period. Atlantic Union Bankshares Corp's holdings in Mondelez International were worth $6,669,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the 2nd quarter worth about $31,000. Larson Financial Group LLC boosted its position in shares of Mondelez International by 332.2% in the 2nd quarter. Larson Financial Group LLC now owns 523 shares of the company's stock worth $32,000 after buying an additional 402 shares in the last quarter. Selective Wealth Management Inc. boosted its position in shares of Mondelez International by 178.5% in the 2nd quarter. Selective Wealth Management Inc. now owns 557 shares of the company's stock worth $35,000 after buying an additional 357 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of Mondelez International by 8,685.7% in the 2nd quarter. GoalVest Advisory LLC now owns 615 shares of the company's stock worth $38,000 after buying an additional 608 shares in the last quarter. Finally, Better Money Decisions LLC purchased a new position in Mondelez International in the 2nd quarter valued at about $38,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Get Mondelez International alerts:Mondelez International Stock Down 0.5 %
Shares of Mondelez International stock traded down $0.32 on Monday, hitting $66.65. 247,062 shares of the company's stock traded hands, compared to its average volume of 7,449,518. The stock has a market cap of $91.02 billion, a P/E ratio of 29.62, a PEG ratio of 3.35 and a beta of 0.67. The company has a quick ratio of 0.46, a current ratio of 0.69 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average is $65.27 and its 200 day moving average is $62.57. Mondelez International, Inc. has a 52-week low of $54.72 and a 52-week high of $69.47.
Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.06. Mondelez International had a return on equity of 14.85% and a net margin of 10.30%. The firm had revenue of $7.76 billion for the quarter, compared to analysts' expectations of $7.48 billion. Equities analysts anticipate that Mondelez International, Inc. will post 2.94 earnings per share for the current year.Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 29th. Mondelez International's dividend payout ratio (DPR) is presently 68.44%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Piper Sandler upped their target price on shares of Mondelez International from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, December 15th. Credit Suisse Group reduced their target price on shares of Mondelez International from $70.00 to $67.00 and set an "outperform" rating on the stock in a report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mondelez International from $72.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, December 6th. Morgan Stanley upped their price objective on shares of Mondelez International from $69.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, December 20th. Finally, Cowen dropped their price objective on shares of Mondelez International to $69.00 in a research note on Thursday, October 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.94.
Insider Buying and Selling
In related news, EVP Maurizio Brusadelli sold 22,388 shares of the firm's stock in a transaction on Monday, December 5th. The stock was sold at an average price of $67.55, for a total transaction of $1,512,309.40. Following the transaction, the executive vice president now directly owns 179,588 shares in the company, valued at $12,131,169.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by company insiders.
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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