Blair William & Co. IL Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Blair William & Co. IL reduced its stake in Mondelez International by 3.8% in the first quarter, owning 284,196 shares post-sale.
• Mondelez International announced a quarterly dividend increase to $0.50, reflecting an annual yield of 3.2% and a payout ratio of 68.86%.
• Analysts have a consensus target price of $71.95 for Mondelez International, with most ratings indicating a Moderate Buy status.

Blair William & Co. IL lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 284,196 shares of the company's stock after selling 11,137 shares during the period. Blair William & Co. IL's holdings in Mondelez International were worth $19,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Heritage Trust Co raised its position in Mondelez International by 10.0% during the first quarter. Heritage Trust Co now owns 7,655 shares of the company's stock valued at $519,000 after purchasing an additional 696 shares in the last quarter. Manchester Capital Management LLC raised its position in Mondelez International by 4.1% during the first quarter. Manchester Capital Management LLC now owns 8,361 shares of the company's stock valued at $567,000 after purchasing an additional 326 shares in the last quarter. J. Safra Sarasin Holding AG lifted its position in Mondelez International by 23.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 15,699 shares of the company's stock worth $1,065,000 after buying an additional 2,949 shares during the last quarter. Banco Santander S.A. lifted its position in Mondelez International by 137.8% in the 1st quarter. Banco Santander S.A. now owns 36,295 shares of the company's stock worth $2,463,000 after buying an additional 21,032 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Mondelez International by 1.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,151,683 shares of the company's stock worth $145,992,000 after buying an additional 22,611 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 1.9%

Shares of NASDAQ MDLZ traded down $1.23 during trading hours on Tuesday, hitting $62.30. The company's stock had a trading volume of 9,068,907 shares, compared to its average volume of 8,255,408. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market cap of $80.67 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 4.80 and a beta of 0.46. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business has a 50-day simple moving average of $67.68 and a 200-day simple moving average of $65.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business posted $0.86 earnings per share. Mondelez International's quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MDLZ. Barclays boosted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday. UBS Group reduced their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus raised their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

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.