Probity Advisors Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,693 shares of the company’s stock after selling 384 shares during the quarter. Probity Advisors Inc.’s holdings in Mondelez International were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Mondelez International in the first quarter worth about $1,686,000. Alaska Permanent Fund Corp boosted its holdings in Mondelez International by 76.4% in the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after acquiring an additional 27,370 shares in the last quarter. Duality Advisers LP acquired a new stake in Mondelez International in the first quarter worth about $4,528,000. BDF Gestion acquired a new stake in Mondelez International in the second quarter worth about $6,690,000. Finally, M&G Plc acquired a new stake in Mondelez International in the first quarter worth about $12,010,000. Institutional investors own 78.32% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on MDLZ shares. Barclays lowered their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup raised their price objective on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.65.
Mondelez International Stock Down 0.3 %
Mondelez International stock opened at $71.72 on Thursday. The stock has a market capitalization of $96.20 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $63.66 and a 12 month high of $77.20. The business has a 50 day simple moving average of $72.48 and a 200-day simple moving average of $69.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.
Mondelez International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.62%. Mondelez International’s payout ratio is 59.68%.
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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