Mondelez International, Inc. $MDLZ Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 341,414 shares of the company’s stock after selling 4,949 shares during the quarter. Mondelez International accounts for approximately 2.0% of Stack Financial Management Inc’s holdings, making the stock its 18th largest holding. Stack Financial Management Inc’s holdings in Mondelez International were worth $23,025,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC boosted its holdings in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after acquiring an additional 1,013 shares in the last quarter. Canopy Partners LLC boosted its holdings in Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after acquiring an additional 2,876 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after purchasing an additional 4,002 shares during the period. Finally, CORDA Investment Management LLC. lifted its holdings in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after purchasing an additional 8,456 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.7%

Shares of MDLZ stock opened at $61.45 on Monday. The stock has a 50 day moving average of $62.28 and a 200 day moving average of $65.43. 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 stock 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, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Sanford C. Bernstein lifted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $71.55.

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.