Meyer Handelman Co. Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Meyer Handelman Co. lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180,685 shares of the company's stock after selling 11,700 shares during the period. Meyer Handelman Co.'s holdings in Mondelez International were worth $12,259,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Atlas Brown Inc. bought a new stake in Mondelez International during the 1st quarter worth $210,000. Rothschild Investment LLC grew its position in Mondelez International by 5.7% during the 1st quarter. Rothschild Investment LLC now owns 8,272 shares of the company's stock worth $561,000 after acquiring an additional 447 shares during the last quarter. Parallel Advisors LLC grew its position in Mondelez International by 7.0% during the 1st quarter. Parallel Advisors LLC now owns 77,256 shares of the company's stock worth $5,242,000 after acquiring an additional 5,040 shares during the last quarter. GAMMA Investing LLC grew its position in Mondelez International by 8,117.6% during the 1st quarter. GAMMA Investing LLC now owns 1,242,741 shares of the company's stock worth $84,320,000 after acquiring an additional 1,227,618 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in Mondelez International by 13.2% during the 1st quarter. AdvisorNet Financial Inc now owns 5,523 shares of the company's stock worth $375,000 after acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MDLZ shares. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Stock Up 0.0%

MDLZ stock traded up $0.02 during trading on Monday, reaching $67.51. 5,004,519 shares of the stock were exchanged, compared to its average volume of 8,032,348. The firm's 50 day moving average is $66.50 and its 200 day moving average is $63.30. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $87.41 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 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.