Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 60.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,198 shares of the company’s stock after selling 99,991 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Mondelez International were worth $4,830,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Lake Street Advisors Group LLC grew its holdings in shares of Mondelez International by 5.6% in the 3rd quarter. Lake Street Advisors Group LLC now owns 11,167 shares of the company’s stock worth $828,000 after acquiring an additional 597 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Mondelez International by 15.9% during the 3rd quarter. Ballentine Partners LLC now owns 18,684 shares of the company’s stock worth $1,376,000 after acquiring an additional 2,562 shares in the last quarter. Moody Lynn & Lieberson LLC grew its holdings in Mondelez International by 71.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 123,801 shares of the company’s stock valued at $9,120,000 after purchasing an additional 51,787 shares during the last quarter. West Michigan Advisors LLC raised its holdings in Mondelez International by 12.3% in the 3rd quarter. West Michigan Advisors LLC now owns 6,975 shares of the company’s stock worth $517,000 after acquiring an additional 766 shares during the period. Finally, Nicholson Wealth Management Group LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $854,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on MDLZ shares. Sanford C. Bernstein reduced their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. DA Davidson cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler cut their price target on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus upped their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.35.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $69.23 on Friday. The stock has a fifty day moving average of $72.54 and a 200-day moving average of $69.68. The stock has a market cap of $92.86 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. 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 fifty-two week low of $64.18 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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. 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 period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.72%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

About Mondelez International

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.