Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 837,870 shares of the company’s stock after selling 18,775 shares during the quarter. Mackenzie Financial Corp’s holdings in Mondelez International were worth $54,830,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the 2nd quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Mondelez International in the 4th quarter valued at approximately $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MDLZ shares. DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Piper Sandler dropped their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. raised 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. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $74.20 on Friday. 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 $99.12 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $71.47 and a 200-day simple moving average of $69.55.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating 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 firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current 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 issued a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

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.