Triangle Securities Wealth Management Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Triangle Securities Wealth Management trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,239 shares of the company’s stock after selling 285 shares during the quarter. Triangle Securities Wealth Management’s holdings in Mondelez International were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Personal Financial Services grew its position in Mondelez International by 124.1% in the 3rd quarter. First Personal Financial Services now owns 484 shares of the company’s stock valued at $27,000 after acquiring an additional 268 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Mondelez International during the third quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new position in shares of Mondelez International during the third quarter worth about $41,000. Wagner Wealth Management LLC purchased a new stake in Mondelez International during the second quarter worth approximately $48,000. Finally, Almanack Investment Partners LLC. purchased a new stake in Mondelez International during the third quarter worth approximately $48,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. Piper Sandler boosted their price objective on Mondelez International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. Royal Bank of Canada lowered Mondelez International from an “outperform” rating to a “sector perform” rating and set a $69.00 target price on the stock. in a report on Tuesday, January 3rd. Barclays boosted their target price on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Morgan Stanley upped their price objective on Mondelez International from $69.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, December 20th. Finally, Cowen upped their price objective on Mondelez International from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, February 6th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.40 on Friday. The business’s 50-day moving average price is $65.71 and its 200 day moving average price is $63.72. Mondelez International, Inc. has a twelve month low of $54.72 and a twelve month high of $68.81. The company has a market capitalization of $90.52 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.96 and a beta of 0.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.75.

Mondelez International (NASDAQ:MDLZ – Get Rating) last released its earnings results on Tuesday, January 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The firm had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, research analysts predict that Mondelez International, Inc. will post 3.17 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.54 annualized dividend and a yield of 2.32%. Mondelez International’s dividend payout ratio (DPR) is presently 78.57%.

Mondelez International Company Profile

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.