Schnieders Capital Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the 2nd quarter, Holdings Channel reports. The firm owned 20,357 shares of the company’s stock after selling 194 shares during the quarter. Schnieders Capital Management LLC’s holdings in Mondelez International were worth $1,271,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in MDLZ. Clean Yield Group bought a new position in Mondelez International in the second quarter worth approximately $25,000. Sound Income Strategies LLC grew its stake in Mondelez International by 606.8% in the second quarter. Sound Income Strategies LLC now owns 417 shares of the company’s stock worth $26,000 after purchasing an additional 358 shares in the last quarter. Newton One Investments LLC bought a new stake in Mondelez International during the 2nd quarter valued at $29,000. Tradewinds Capital Management LLC boosted its position in Mondelez International by 579.7% during the 2nd quarter. Tradewinds Capital Management LLC now owns 469 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. Finally, Wagner Wealth Management LLC bought a new stake in Mondelez International during the 1st quarter valued at $33,000. 75.58% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the company. Piper Sandler increased their target price on Mondelez International from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. The Goldman Sachs Group cut Mondelez International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $71.00 target price on shares of Mondelez International in a research report on Friday, August 6th. Finally, Guggenheim increased their target price on Mondelez International from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $67.08.
Shares of MDLZ traded up $0.13 during midday trading on Friday, hitting $60.84. 248,237 shares of the company’s stock traded hands, compared to its average volume of 7,034,999. Mondelez International, Inc. has a 1 year low of $52.51 and a 1 year high of $65.60. The firm’s fifty day moving average is $62.62 and its 200-day moving average is $61.25. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $85.04 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.42 and a beta of 0.66.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.41 billion. Mondelez International had a return on equity of 14.30% and a net margin of 15.49%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 30th will be paid a $0.35 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.30%. Mondelez International’s dividend payout ratio (DPR) is 48.65%.
Mondelez International Profile
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.
Featured Story: Why is the conference call important?
Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ).
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.