Omnia Family Wealth LLC Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Omnia Family Wealth LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,509 shares of the company’s stock after selling 1,046 shares during the quarter. Omnia Family Wealth LLC’s holdings in Mondelez International were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Golden State Wealth Management LLC lifted its holdings in shares of Mondelez International by 93.9% during the 1st quarter. Golden State Wealth Management LLC now owns 6,904 shares of the company’s stock valued at $469,000 after purchasing an additional 3,344 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in Mondelez International during the 1st quarter valued at about $1,601,000. Golden State Equity Partners acquired a new position in Mondelez International during the 1st quarter valued at about $316,000. Moran Wealth Management LLC purchased a new stake in Mondelez International in the first quarter valued at about $11,071,000. Finally, Cornerstone Wealth Group LLC raised its stake in Mondelez International by 2.8% in the first quarter. Cornerstone Wealth Group LLC now owns 7,774 shares of the company’s stock valued at $527,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MDLZ shares. Piper Sandler boosted their price target on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. Barclays boosted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Evercore ISI upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Morgan Stanley boosted their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.63.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $67.28 on Thursday. The firm’s fifty day moving average is $66.71 and its two-hundred day moving average is $63.65. The firm has a market cap of $87.11 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 5.30 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International’s dividend payout ratio is presently 69.89%.

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.