Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 63.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,086 shares of the company’s stock after selling 17,855 shares during the quarter. MOKAN Wealth Management Inc.’s holdings in Mondelez International were worth $684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $30,000. Transce3nd LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $31,000. Finally, Coppell Advisory Solutions LLC lifted its stake in shares of Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company’s stock worth $32,000 after buying an additional 216 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MDLZ shares. Stifel Nicolaus upped their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Barclays upped their price target on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.63.

Mondelez International Trading Down 0.1%

MDLZ opened at $68.43 on Wednesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $66.69 and a 200-day simple moving average of $63.63. The firm has a market cap of $88.60 billion, a P/E ratio of 25.44, a P/E/G ratio of 5.30 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is currently 69.89%.

Mondelez International Company 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.