Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 112,777 shares of the company’s stock after selling 1,930 shares during the quarter. Profund Advisors LLC’s holdings in Mondelez International were worth $7,380,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors increased its stake in Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after buying an additional 2,206,023 shares during the period. Capital World Investors increased its stake in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Piper Sandler decreased their target price 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. TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Barclays decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock opened at $74.28 on Friday. The firm has a 50-day moving average price of $70.66 and a 200 day moving average price of $69.45. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a market capitalization of $99.64 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 3.01 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share 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 paid a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.53%. Mondelez International’s payout ratio is presently 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.