Guardian Investment Management Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Guardian Investment Management decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,350 shares of the company’s stock after selling 2,200 shares during the period. Guardian Investment Management’s holdings in Mondelez International were worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Amundi increased its holdings in Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after purchasing an additional 478,225 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares during the period. Commonwealth Equity Services LLC increased its holdings in Mondelez International by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company’s stock worth $27,343,000 after purchasing an additional 4,121 shares during the period. SBI Securities Co. Ltd. purchased a new position in Mondelez International during the 4th quarter worth $336,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company’s stock valued at $3,039,000 after buying an additional 8,544 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.44 on Tuesday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market cap of $87.32 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm’s fifty day moving average price is $66.72 and its 200 day moving average price is $63.79.

Mondelez International (NASDAQ:MDLZ) last issued 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MDLZ shares. Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

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.