Mondelez International, Inc. $MDLZ Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% during the second quarter, HoldingsChannel reports. The fund owned 4,673 shares of the company’s stock after selling 233 shares during the period. Financial Security Advisor Inc.’s holdings in Mondelez International were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new stake in Mondelez International in the 1st quarter worth about $866,843,000. Goldman Sachs Group Inc. boosted its stake in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Mondelez International in the 1st quarter worth about $189,930,000. Finally, Natixis Advisors LLC boosted its stake in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $61.00 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The firm has a market cap of $78.93 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 4.67 and a beta of 0.45. The stock has a 50-day simple moving average of $62.33 and a 200-day simple moving average of $65.48.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s payout ratio is 73.26%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. UBS Group decreased their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Sanford C. Bernstein raised their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.55.

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.