Newbridge Financial Services Group Inc. Sells 1,606 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Newbridge Financial Services Group Inc. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,255 shares of the company’s stock after selling 1,606 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Mondelez International were worth $409,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MDLZ. Vanguard Group Inc. grew its position in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after buying an additional 6,426,928 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after buying an additional 4,794,746 shares during the period. Wulff Hansen & CO. raised its holdings in Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after buying an additional 1,723,537 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 4.9% during 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. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $72.99 on Wednesday. The company has a market capitalization of $97.91 billion, a PE ratio of 23.17, a PEG ratio of 3.02 and a beta of 0.54. The business has a fifty day moving average price of $71.75 and a 200-day moving average price of $69.56. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.58%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDLZ. Piper Sandler lowered their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Barclays lowered their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Stifel Nicolaus cut their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Sanford C. Bernstein decreased their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.65.

About Mondelez International

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.