Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 650,721 shares of the company’s stock after selling 152,070 shares during the period. Sei Investments Co.’s holdings in Mondelez International were worth $42,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Cambridge Investment Research Advisors Inc. lifted its holdings in Mondelez International by 21.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after purchasing an additional 27,379 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Mondelez International by 4.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 79,339 shares of the company’s stock valued at $5,848,000 after purchasing an additional 3,351 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Mondelez International by 73.7% in the 4th quarter. Johnson Financial Group Inc. now owns 1,862 shares of the company’s stock valued at $136,000 after purchasing an additional 790 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in Mondelez International by 68.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,853 shares of the company’s stock valued at $134,000 after purchasing an additional 750 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA lifted its holdings in Mondelez International by 26.4% in the 4th quarter. Mitchell Sinkler & Starr PA now owns 13,746 shares of the company’s stock valued at $996,000 after purchasing an additional 2,874 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Wells Fargo & Company reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Piper Sandler reduced their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Sanford C. Bernstein reduced their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.29.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.57 on Tuesday. The company has a market cap of $100.03 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.01 and a beta of 0.54. 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 stock has a 50-day moving average of $70.86 and a two-hundred day moving average of $69.46. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.52%. Mondelez International’s payout ratio is currently 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.