Mondelez International, Inc. $MDLZ Shares Sold by Advocate Group LLC

Advocate Group LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 46.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,251 shares of the company’s stock after selling 3,674 shares during the quarter. Advocate Group LLC’s holdings in Mondelez International were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. grew its stake in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Mondelez International in the 1st quarter valued at approximately $189,930,000. Finally, Natixis Advisors LLC grew its stake in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after buying an additional 1,775,570 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDLZ. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Barclays increased their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Piper Sandler increased their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Finally, Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.45 on Friday. The firm’s 50 day moving average price is $62.28 and its 200-day moving average price is $65.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The firm has a market cap of $79.51 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion for the quarter. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 73.26%.

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.