Oppenheimer & Co. Inc. Sells 1,513 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Oppenheimer & Co. Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,524 shares of the company’s stock after selling 1,513 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Mondelez International were worth $2,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Main Street Financial Solutions LLC lifted its stake in Mondelez International by 2.8% during the second quarter. Main Street Financial Solutions LLC now owns 8,436 shares of the company’s stock worth $552,000 after purchasing an additional 227 shares during the last quarter. Vest Financial LLC lifted its position in Mondelez International by 18.0% in the 2nd quarter. Vest Financial LLC now owns 3,885 shares of the company’s stock worth $254,000 after buying an additional 593 shares during the last quarter. Nelson Capital Management LLC purchased a new stake in Mondelez International in the second quarter worth approximately $204,000. Wambolt & Associates LLC grew its position in Mondelez International by 4.7% during the second quarter. Wambolt & Associates LLC now owns 39,164 shares of the company’s stock valued at $2,555,000 after acquiring an additional 1,774 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in shares of Mondelez International by 0.6% during the second quarter. Johnson Investment Counsel Inc. now owns 54,672 shares of the company’s stock worth $3,578,000 after acquiring an additional 323 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.4 %

Shares of NASDAQ MDLZ opened at $75.53 on Tuesday. The firm’s 50 day moving average price is $69.91 and its 200-day moving average price is $69.34. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. 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 company has a market cap of $101.31 billion, a PE ratio of 23.98, a P/E/G ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Mondelez International’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect 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 issued a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. TD Cowen lowered their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Piper Sandler cut their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Evercore ISI dropped their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Finally, Bank of America decreased their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.61.

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.