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

Toth Financial Advisory Corp reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,717 shares of the company’s stock after selling 5,661 shares during the quarter. Toth Financial Advisory Corp’s holdings in Mondelez International were worth $8,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $1,682,000. Golden State Wealth Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $213,000. Cidel Asset Management Inc. grew its stake in Mondelez International by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 8,701 shares of the company’s stock valued at $520,000 after acquiring an additional 522 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Mondelez International by 0.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 114,812 shares of the company’s stock valued at $6,858,000 after acquiring an additional 376 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.3%

Shares of MDLZ stock opened at $66.15 on Monday. The firm’s 50-day simple moving average is $66.43 and its 200-day simple moving average is $63.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market cap of $85.65 billion, a P/E ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Mondelez International’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 9th. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $70.11.

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.