Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by JPB Foundation

JPB Foundation lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 366,911 shares of the company’s stock after selling 74,000 shares during the period. Mondelez International accounts for approximately 2.6% of JPB Foundation’s holdings, making the stock its 13th largest holding. JPB Foundation’s holdings in Mondelez International were worth $24,011,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of 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 buying an additional 94,899 shares during the period. Mill Creek Capital Advisors LLC raised its holdings in shares of 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 buying an additional 766 shares during the period. Bank of Montreal Can raised its holdings in shares of 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 buying an additional 40,458 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of 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 buying an additional 46,262 shares during the period. Finally, Nippon Life Global Investors Americas Inc. raised its holdings in shares of Mondelez International by 27.3% in 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. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MDLZ shares. DA Davidson cut their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.29.

Mondelez International Trading Down 0.5 %

MDLZ opened at $74.16 on Wednesday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company 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. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The business’s 50-day simple moving average is $71.03 and its 200-day simple moving average is $69.48.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date is Monday, September 30th. 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 dividend yield of 2.54%. Mondelez International’s dividend payout ratio is 53.97%.

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.