Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Boyar Asset Management Inc.

Boyar Asset Management Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,957 shares of the company’s stock after selling 3,122 shares during the period. Mondelez International makes up about 2.3% of Boyar Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Boyar Asset Management Inc.’s holdings in Mondelez International were worth $3,118,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in Mondelez International during the 4th quarter worth about $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter worth approximately $31,000. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of Mondelez International by 66.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company’s stock valued at $32,000 after acquiring an additional 216 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MDLZ shares. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Piper Sandler increased their price objective 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 analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.63.

Mondelez International Price Performance

Shares of MDLZ opened at $67.28 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a market cap of $87.11 billion, a PE ratio of 25.01, a PEG ratio of 5.30 and a beta of 0.48. The firm’s 50 day moving average price is $66.71 and its 200 day moving average price is $63.65. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share 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 earned $0.93 EPS. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International’s dividend payout ratio (DPR) is currently 69.89%.

About Mondelez International

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.