Mondelez International, Inc. (NASDAQ:MDLZ) Position Trimmed by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 122,344 shares of the company's stock after selling 12,026 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Mondelez International were worth $7,308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the 4th quarter worth $27,000. Transce3nd LLC acquired a new stake in Mondelez International in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ opened at $67.75 on Friday. The business's 50-day moving average is $66.14 and its 200-day moving average is $63.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $87.64 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's payout ratio is presently 54.97%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDLZ. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group boosted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.55.

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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