Sompo Asset Management Co. Ltd. Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sompo Asset Management Co. Ltd. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,670 shares of the company’s stock after selling 520 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Mondelez International were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. CreativeOne Wealth LLC increased its position in Mondelez International by 4.8% during the 4th quarter. CreativeOne Wealth LLC now owns 4,714 shares of the company’s stock valued at $341,000 after buying an additional 215 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Mondelez International by 21.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after buying an additional 27,379 shares in the last quarter. SageView Advisory Group LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $907,000. TCW Group Inc. bought a new position in Mondelez International during the 4th quarter valued at approximately $5,149,000. Finally, Orion Portfolio Solutions LLC increased its position in Mondelez International by 4.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 79,339 shares of the company’s stock valued at $5,848,000 after buying an additional 3,351 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MDLZ shares. Stifel Nicolaus reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Evercore ISI reduced their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Sanford C. Bernstein reduced their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Piper Sandler reduced their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Price Performance

NASDAQ MDLZ opened at $74.28 on Friday. The company has a market capitalization of $99.64 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The business’s fifty day moving average is $70.66 and its 200 day moving average is $69.45. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

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

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.