Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd reduced its holdings in Mondelez International by 39.9%, selling nearly 10,000 shares during the first quarter, leaving it with 14,892 shares worth approximately $1,010,000.
• Analysts have mixed sentiments towards Mondelez International, with Barclays and Morgan Stanley upgrading their price targets to $77.00 and $72.00 respectively, while UBS Group lowered its target from $72.00 to $69.00.
• Mondelez International recently increased its quarterly dividend from $0.47 to $0.50 per share, reflecting a yield of 3.2% and a payout ratio of 68.86%.

Y.D. More Investments Ltd cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,892 shares of the company's stock after selling 9,871 shares during the quarter. Y.D. More Investments Ltd's holdings in Mondelez International were worth $1,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Abound Financial LLC purchased a new stake in Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays lifted their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler lifted their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Morgan Stanley boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, UBS Group dropped their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Trading Down 0.4%

Shares of MDLZ stock opened at $62.07 on Thursday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $80.37 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 4.71 and a beta of 0.46. The company's 50-day moving average price is $67.49 and its 200-day moving average price is $65.35. 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 (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. As a group, equities 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 announced 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. 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. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is 68.86%.

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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