HM Payson & Co. Sells 4,949 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

HM Payson & Co. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,738 shares of the company's stock after selling 4,949 shares during the quarter. HM Payson & Co.'s holdings in Mondelez International were worth $6,360,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Amundi increased its position in shares of Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after acquiring an additional 1,013 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Mondelez International by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock valued at $27,343,000 after acquiring an additional 4,121 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after acquiring an additional 8,544 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after buying an additional 4,002 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.55 on Friday, reaching $69.02. The stock had a trading volume of 3,342,865 shares, compared to its average volume of 8,088,438. The stock has a market cap of $89.36 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a 50 day simple moving average of $66.91 and a 200 day simple moving average of $64.03.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International's payout ratio is 69.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Piper Sandler increased their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus raised their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

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.