Ritholtz Wealth Management Sells 2,073 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ritholtz Wealth Management cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,949 shares of the company’s stock after selling 2,073 shares during the period. Ritholtz Wealth Management’s holdings in Mondelez International were worth $2,778,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. ICICI Prudential Asset Management Co Ltd grew its holdings in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after acquiring an additional 74,975 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in shares of Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after purchasing an additional 18,961 shares during the period. Amundi grew its stake in shares of Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in Mondelez International in the fourth quarter valued at $256,000. Finally, Commonwealth Equity Services LLC increased its holdings in Mondelez International by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company’s stock valued at $27,343,000 after purchasing an additional 4,121 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ stock opened at $66.93 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company’s 50-day moving average is $66.56 and its 200-day moving average is $63.46. The stock has a market capitalization of $86.66 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MDLZ shares. Barclays lifted their target price on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. UBS Group increased their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.11.

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.