Mondelez International, Inc. $MDLZ Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. significantly reduced its stake in Mondelez International by 57.7%, now holding 42,265 shares after selling 57,653 shares in the second quarter.
• Mondelez International increased its quarterly dividend from $0.47 to $0.50 per share, resulting in a dividend yield of 3.2% and an annualized dividend of $2.00.
• Analysts have mixed opinions on Mondelez with target prices ranging from $70.00 to $75.00, while the stock currently holds a consensus rating of "Moderate Buy" with an average target price of $70.89.

Atria Wealth Solutions Inc. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 57.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,265 shares of the company's stock after selling 57,653 shares during the period. Atria Wealth Solutions Inc.'s holdings in Mondelez International were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Abound Financial LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. acquired a new stake in Mondelez International in the 1st quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Mondelez International in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. Evercore ISI dropped their target price on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, September 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mondelez International in a report on Tuesday. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Berenberg Bank downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.89.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $62.13 on Wednesday. The company has a fifty day simple moving average of $62.23 and a two-hundred day simple moving average of $65.37. The company has a market cap of $80.39 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 4.63 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International's dividend payout ratio is presently 73.26%.

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.

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