Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,817 shares of the company’s stock after selling 5,685 shares during the period. Signaturefd LLC’s holdings in Mondelez International were worth $2,049,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International in the second quarter valued at $29,000. ESL Trust Services LLC acquired a new position in Mondelez International in the first quarter valued at $38,000. Finally, Riverview Trust Co purchased a new position in Mondelez International during the first quarter worth about $44,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on MDLZ shares. Piper Sandler lowered their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday. They set a “buy” rating and a $82.00 price target for the company. Stifel Nicolaus decreased 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.06.

Mondelez International Stock Up 1.3 %

NASDAQ MDLZ opened at $71.35 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a fifty-two week low of $63.66 and a fifty-two week high of $77.20. The business has a 50 day moving average price of $72.57 and a two-hundred day moving average price of $69.66. The stock has a market cap of $95.71 billion, a PE ratio of 22.65, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

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.