Northeast Investment Management Lowers Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Northeast Investment Management reduced its holdings in Mondelez International by **15.5%**, equating to a value of approximately **$2.99 million** after selling 8,137 shares.
• Analysts have recently upgraded Mondelez's stock with a consensus rating of **"Moderate Buy"** and an average price target of **$70.84**.
• Mondelez International announced an increase in its quarterly dividend to **$0.50** per share, representing a **3.2% yield** and a boost from the previous **$0.47** per share dividend.

Northeast Investment Management lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,335 shares of the company's stock after selling 8,137 shares during the quarter. Northeast Investment Management's holdings in Mondelez International were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new stake in Mondelez International in the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted 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 in the last quarter. North Capital Inc. purchased a new stake in Mondelez International in the 1st quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Mondelez International in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Barclays boosted their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler boosted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Mondelez International in a research note on Tuesday, October 14th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.84.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.46 on Friday. The business's fifty day moving average price is $62.22 and its two-hundred day moving average price is $65.26. The stock has a market cap of $80.82 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.82.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. On average, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International's payout ratio is currently 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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