Ameritas Investment Partners Inc. Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ameritas Investment Partners Inc. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,318 shares of the company’s stock after selling 522 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Mondelez International were worth $3,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International in the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at about $29,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Barclays decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Evercore ISI decreased their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Piper Sandler reduced their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Down 0.7 %

NASDAQ:MDLZ opened at $74.28 on Friday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company’s 50-day simple moving average is $70.66 and its 200 day simple moving average is $69.46. The firm has a market capitalization of $99.64 billion, a P/E ratio of 23.58, a PEG ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

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.