Strategic Wealth Partners Ltd. Has $5.75 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Wealth Partners Ltd. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 78,032 shares of the company’s stock after selling 279 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Mondelez International were worth $5,749,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International in the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $34,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Piper Sandler reduced their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. 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 report on Wednesday, July 31st. Bank of America cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Trading Down 0.2 %

Shares of Mondelez International stock opened at $70.85 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a market capitalization of $95.04 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 3.02 and a beta of 0.54. The firm’s 50-day moving average price is $72.22 and its two-hundred day moving average price is $69.54.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.65%. Mondelez International’s payout ratio is 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.