Mondelez International, Inc. $MDLZ Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,269 shares of the company’s stock after selling 1,938 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mondelez International were worth $9,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new stake in Mondelez International during the first quarter worth $866,843,000. Invesco Ltd. increased its stake in Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after acquiring an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after acquiring an additional 89,362 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MDLZ. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Wells Fargo & Company dropped their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Piper Sandler lifted their price objective on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.84.

Mondelez International Trading Up 1.4%

MDLZ opened at $62.46 on Monday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82. The stock has a market capitalization of $80.82 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 5.58 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a fifty day moving average price of $62.22 and a 200 day moving average price of $65.24.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion during the quarter. Sell-side analysts expect 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 was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 73.26%.

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.