Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Cut by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 150,312 shares of the company's stock after selling 51,883 shares during the quarter. Pacer Advisors Inc.'s holdings in Mondelez International were worth $10,199,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Piper Sandler lifted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Stifel Nicolaus increased their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.72.

Mondelez International Stock Up 0.6%

MDLZ stock opened at $70.58 on Monday. The firm has a market cap of $91.39 billion, a PE ratio of 26.24, a PEG ratio of 5.31 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a fifty day simple moving average of $67.64 and a 200 day simple moving average of $65.01. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. Mondelez International's payout ratio is currently 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.

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