Creative Planning Sells 145,855 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Creative Planning reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 30.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 327,381 shares of the company’s stock after selling 145,855 shares during the period. Creative Planning’s holdings in Mondelez International were worth $21,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Gotham Asset Management LLC grew its holdings in shares of Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after purchasing an additional 16,450 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $1,686,000. Schroder Investment Management Group grew its holdings in shares of Mondelez International by 35.1% during the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after purchasing an additional 168,639 shares in the last quarter. Alaska Permanent Fund Corp grew its holdings in shares of Mondelez International by 76.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after purchasing an additional 27,370 shares in the last quarter. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $5,290,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.7 %

Shares of MDLZ opened at $73.67 on Tuesday. The stock has a fifty day moving average price of $71.61 and a two-hundred day moving average price of $69.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. 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 $98.82 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MDLZ shares. Bank of America decreased their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Piper Sandler decreased their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Barclays decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.65.

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.