Mondelez International, Inc. $MDLZ Position Cut by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Mondelez International by 0.7%, now holding approximately 8.99 million shares valued at $610.2 million.
• Mondelez International reported a quarterly earnings per share (EPS) of $0.73, exceeding the expected $0.68, with a revenue of $8.98 billion, up 7.7% from the previous year.
• The company announced an increase in its quarterly dividend to $0.50 per share, representing a 3.3% yield, with an ex-dividend date of September 30th.

Dimensional Fund Advisors LP reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,993,098 shares of the company's stock after selling 59,699 shares during the quarter. Dimensional Fund Advisors LP owned about 0.69% of Mondelez International worth $610,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new stake in Mondelez International in the first quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the first quarter worth $26,000. Transce3nd LLC purchased a new stake in Mondelez International in the fourth quarter worth $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the fourth quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ traded down $0.24 during mid-day trading on Monday, hitting $61.84. The company's stock had a trading volume of 5,063,898 shares, compared to its average volume of 8,361,275. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $66.78 and a 200 day simple moving average of $65.68. The firm has a market capitalization of $80.02 billion, a P/E ratio of 22.65, a P/E/G ratio of 4.69 and a beta of 0.46. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Mondelez International's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Analysts predict that Mondelez International, Inc. will post 2.9 EPS 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 paid a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is presently 68.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MDLZ shares. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and raised their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. UBS Group cut their price target 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. Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler raised their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target 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.