Stanley Laman Group Ltd. Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Stanley Laman Group Ltd. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 49.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,989 shares of the company’s stock after selling 2,978 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Mondelez International were worth $203,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc grew its position in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock valued at $160,000 after purchasing an additional 168 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after purchasing an additional 181 shares in the last quarter. 44 Wealth Management LLC grew its position in shares of Mondelez International by 2.6% in the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company’s stock valued at $457,000 after purchasing an additional 191 shares in the last quarter. Baker Avenue Asset Management LP grew its position in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company’s stock valued at $284,000 after purchasing an additional 193 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Mondelez International by 2.5% in the fourth quarter. Manchester Capital Management LLC now owns 8,035 shares of the company’s stock valued at $480,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.7%

MDLZ opened at $66.93 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business has a fifty day simple moving average of $66.56 and a 200-day simple moving average of $63.49. The firm has a market cap of $86.66 billion, a P/E ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. 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 report on Wednesday, April 9th. Wells Fargo & Company increased their price objective on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Barclays increased their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.11.

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.