Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by AlTi Global Inc.

AlTi Global Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 53,278 shares of the company’s stock after selling 2,804 shares during the period. AlTi Global Inc.’s holdings in Mondelez International were worth $3,507,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Mondelez International by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 257,927 shares of the company’s stock valued at $16,879,000 after acquiring an additional 94,899 shares during the last quarter. Mill Creek Capital Advisors LLC raised its holdings in Mondelez International by 19.8% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 4,636 shares of the company’s stock valued at $303,000 after acquiring an additional 766 shares during the last quarter. Bank of Montreal Can raised its holdings in Mondelez International by 1.9% in the 2nd quarter. Bank of Montreal Can now owns 2,193,083 shares of the company’s stock valued at $148,932,000 after acquiring an additional 40,458 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Mondelez International by 5.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 824,392 shares of the company’s stock valued at $53,948,000 after acquiring an additional 46,262 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. grew its stake in shares of Mondelez International by 27.3% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 32,660 shares of the company’s stock valued at $2,150,000 after buying an additional 7,010 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $74.16 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a 50-day moving average of $71.03 and a two-hundred day moving average of $69.48. The stock has a market cap of $99.06 billion, a P/E ratio of 23.54, a PEG ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

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, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during 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%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is presently 53.97%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Bank of America lowered their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Finally, DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

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.