CX Institutional Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

CX Institutional cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,605 shares of the company’s stock after selling 33,487 shares during the quarter. CX Institutional’s holdings in Mondelez International were worth $3,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc raised its stake in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after purchasing an additional 168 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after purchasing an additional 181 shares during the last quarter. 44 Wealth Management LLC raised its stake in shares of Mondelez International by 2.6% in the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company’s stock worth $457,000 after purchasing an additional 191 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company’s stock worth $284,000 after purchasing an additional 193 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in shares of Mondelez International by 2.5% in the fourth quarter. Manchester Capital Management LLC now owns 8,035 shares of the company’s stock worth $480,000 after purchasing an additional 195 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $66.95 on Thursday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $66.44 and a 200-day moving average price of $63.45. 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 firm has a market capitalization of $86.69 billion, a P/E ratio of 19.58, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. 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, Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.11.

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.