Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,982,957 shares of the company’s stock after selling 585,652 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Mondelez International were worth $195,205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International during the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Mondelez International in the fourth quarter valued at about $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MDLZ shares. Piper Sandler dropped their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Bank of America decreased their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company reduced 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 Tuesday, June 4th. Finally, DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Down 0.7 %

MDLZ stock opened at $74.28 on Friday. The company has a 50 day moving average price of $70.66 and a two-hundred day moving average price of $69.46. 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 stock has a market capitalization of $99.64 billion, a P/E ratio of 23.58, a PEG ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

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

Mondelez International Increases Dividend

The business 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 annualized dividend and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

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.