Mather Group LLC. Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mather Group LLC. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.6% during the third quarter, HoldingsChannel reports. The firm owned 15,367 shares of the company’s stock after selling 3,501 shares during the period. Mather Group LLC.’s holdings in Mondelez International were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC grew its position in shares of Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after buying an additional 16,450 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Mondelez International in the 1st quarter worth approximately $1,686,000. Alaska Permanent Fund Corp grew its position in shares of Mondelez International by 76.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after buying an additional 27,370 shares during the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Mondelez International in the 4th quarter worth approximately $5,290,000. Finally, Duality Advisers LP purchased a new position in shares of Mondelez International in the 1st quarter worth approximately $4,528,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $70.85 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market cap of $95.04 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a 50 day moving average price of $72.14 and a 200-day moving average price of $69.55. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.65%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MDLZ shares. Barclays cut their price objective 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. Piper Sandler lowered their target price 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Stifel Nicolaus lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. One 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, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

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.