Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,217 shares of the company’s stock after selling 1,964 shares during the period. Federated Hermes Inc.’s holdings in Mondelez International were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC raised its stake in Mondelez International by 4.8% in the 4th quarter. CreativeOne Wealth LLC now owns 4,714 shares of the company’s stock worth $341,000 after acquiring an additional 215 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Mondelez International by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after purchasing an additional 27,379 shares during the period. SageView Advisory Group LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $907,000. TCW Group Inc. acquired a new position in Mondelez International in the 4th quarter worth approximately $5,149,000. Finally, Orion Portfolio Solutions LLC lifted its stake in Mondelez International by 4.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 79,339 shares of the company’s stock valued at $5,848,000 after acquiring an additional 3,351 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.28 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $70.66 and its 200-day simple moving average is $69.45. The company has a market cap of $99.64 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Barclays reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Piper Sandler lowered their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. TD Cowen cut their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, Stifel Nicolaus lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.61.

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.