Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC reduced its holdings in Mondelez International by 74.1% during the first quarter, currently owning just 3,247 shares valued at $220,000.
• Analysts have set new price targets for Mondelez, with upgrades from several brokerages; notable mentions include a price target increase to $78.00 by Jefferies Financial Group and to $74.00 by JPMorgan Chase.
• Mondelez International declared a quarterly dividend of $0.47 per share, resulting in an annualized yield of 2.66% with a current dividend payout ratio of 69.89%.

Integrated Investment Consultants LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 74.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,247 shares of the company's stock after selling 9,301 shares during the quarter. Integrated Investment Consultants LLC's holdings in Mondelez International were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC boosted its stake in shares of Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after buying an additional 1,013 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 worth $3,039,000 after purchasing an additional 8,544 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after purchasing an additional 4,002 shares during the period. CORDA Investment Management LLC. increased its holdings in shares of Mondelez International by 1.5% in the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock valued at $38,920,000 after purchasing an additional 8,456 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after purchasing an additional 208,181 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDLZ. Stifel Nicolaus increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and raised their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. UBS Group increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Trading Up 0.6%

NASDAQ MDLZ opened at $70.58 on Friday. The company has a 50-day moving average of $67.64 and a 200-day moving average of $64.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market cap of $91.39 billion, a P/E ratio of 26.24, a P/E/G ratio of 5.31 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

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.

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