Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Coho Partners Ltd.

Coho Partners Ltd. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,407,408 shares of the company’s stock after selling 194,025 shares during the period. Mondelez International accounts for about 3.8% of Coho Partners Ltd.’s portfolio, making the stock its 10th biggest position. Coho Partners Ltd.’s holdings in Mondelez International were worth $103,684,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. RFG Advisory LLC boosted its stake in Mondelez International by 10.8% during the 1st quarter. RFG Advisory LLC now owns 4,992 shares of the company’s stock worth $349,000 after acquiring an additional 487 shares during the last quarter. Global Assets Advisory LLC bought a new position in Mondelez International during the 1st quarter worth approximately $855,000. Dynamic Advisor Solutions LLC boosted its stake in Mondelez International by 4.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 22,956 shares of the company’s stock worth $1,607,000 after acquiring an additional 1,051 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in Mondelez International by 4.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 5,920 shares of the company’s stock worth $414,000 after acquiring an additional 275 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Mondelez International by 10.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 513,238 shares of the company’s stock worth $35,927,000 after acquiring an additional 47,735 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Citigroup lifted their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Mondelez International Price Performance

NASDAQ MDLZ opened at $70.56 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $64.16 and a 12-month high of $77.20. The company has a market capitalization of $94.65 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The firm’s 50 day moving average is $72.56 and its 200-day moving average is $69.67.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. Mondelez International’s payout ratio is presently 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.