Menora Mivtachim Holdings LTD. Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Menora Mivtachim Holdings LTD. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,009,770 shares of the company’s stock after selling 5,000 shares during the period. Menora Mivtachim Holdings LTD.’s holdings in Mondelez International were worth $136,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares during the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International in the first quarter worth $31,000. Finally, Orion Capital Management LLC acquired a new position in shares of Mondelez International in the fourth quarter worth $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock opened at $62.08 on Friday. The stock has a 50-day moving average price of $66.78 and a two-hundred day moving average price of $65.57. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $80.33 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 4.64 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 68.86%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDLZ. Royal Bank Of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Piper Sandler boosted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Morgan Stanley boosted their price target on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.95.

Mondelez International 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.