Coldstream Capital Management Inc. Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Coldstream Capital Management Inc. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,303 shares of the company’s stock after selling 1,211 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Mondelez International were worth $1,525,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares during the last quarter. Capital Research Global Investors grew its holdings in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Capital World Investors grew its holdings in Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after purchasing an additional 463,738 shares during the last quarter. Finally, Norges Bank bought a new position in Mondelez International during the 4th quarter valued at about $1,231,413,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $74.35 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm’s 50 day moving average price is $69.39 and its 200-day moving average price is $69.33. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a market cap of $99.73 billion, a PE ratio of 23.60, a P/E/G ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDLZ. Bank of America cut their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus cut 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Piper Sandler dropped their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.