Legacy Financial Advisors Inc. Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Legacy Financial Advisors Inc. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,574 shares of the company’s stock after selling 1,042 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Mondelez International were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MDLZ. Vanguard Group Inc. lifted its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. First Trust Advisors LP grew its stake in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after buying an additional 2,483,972 shares during the last quarter. Finally, Wulff Hansen & CO. increased its position in Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after buying an additional 1,723,537 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MDLZ shares. Evercore ISI dropped their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. DA Davidson dropped their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler cut 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 note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Trading Down 0.7 %

Mondelez International stock opened at $74.28 on Friday. The firm has a market cap of $99.64 billion, a PE ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock’s 50 day simple moving average is $70.66 and its two-hundred day simple moving average is $69.45. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors 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 a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

About Mondelez International

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.