Menora Mivtachim Holdings LTD. Trims Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Menora Mivtachim Holdings LTD. sold 5,000 shares of Mondelez International, reducing its holdings by 0.2% to approximately 2,009,770 shares valued at $136.36 million.
• Mondelez International reported a quarterly EPS of $0.73, which surpassed analyst estimates of $0.68 and signified a 7.7% increase in revenue year-over-year.
• The company has raised its quarterly dividend to $0.50 per share, resulting in an annualized dividend yield of 3.2% for investors.

Menora Mivtachim Holdings LTD. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,009,770 shares of the company's stock after selling 5,000 shares during the quarter. Menora Mivtachim Holdings LTD. owned approximately 0.16% of Mondelez International worth $136,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Abound Financial LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter worth $26,000. Transce3nd LLC acquired a new position in Mondelez International during the 4th quarter worth $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 376.1% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.24 during trading hours on Monday, reaching $61.84. The stock had a trading volume of 5,063,898 shares, compared to its average volume of 8,361,275. The firm has a market cap of $80.02 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 4.69 and a beta of 0.46. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a 50-day moving average of $66.68 and a 200-day moving average of $65.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The business's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current 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. The ex-dividend date of this dividend is Tuesday, September 30th. 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. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group lowered their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Piper Sandler upped their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.