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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. World Investment Advisors grew its holdings in Mondelez International by 11.1% during the first quarter. World Investment Advisors now owns 84,484 shares of the company's stock valued at $5,732,000 after purchasing an additional 8,428 shares during the last quarter. VELA Investment Management LLC grew its holdings in Mondelez International by 14.9% during the first quarter. VELA Investment Management LLC now owns 6,181 shares of the company's stock valued at $419,000 after purchasing an additional 800 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Mondelez International during the first quarter valued at approximately $169,000. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Mondelez International in the first quarter worth $252,000. Finally, Morris Financial Concepts Inc. grew its stake in shares of Mondelez International by 3.8% in the first quarter. Morris Financial Concepts Inc. now owns 5,918 shares of the company's stock worth $402,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDLZ shares. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Finally, Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Stock Performance

NASDAQ MDLZ 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 company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a fifty day moving average of $66.91 and a two-hundred day moving average of $63.97. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $89.36 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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

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.