First City Capital Management Inc. Sells 778 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First City Capital Management Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,838 shares of the company’s stock after selling 778 shares during the quarter. First City Capital Management Inc.’s holdings in Mondelez International were worth $1,036,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC bought a new position in Mondelez International during the fourth quarter valued at $34,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDLZ. Bank of America lowered their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Piper Sandler lowered their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Wells Fargo & Company cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $74.28 on Friday. The stock’s 50-day simple moving average is $70.66 and its two-hundred day simple moving average is $69.45. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The firm has a market capitalization of $99.64 billion, a P/E ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.