Mondelez International, Inc. (NASDAQ:MDLZ) Position Lessened by First PREMIER Bank

First PREMIER Bank decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,988 shares of the company’s stock after selling 2,036 shares during the period. First PREMIER Bank’s holdings in Mondelez International were worth $2,725,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brookstone Capital Management raised its stake in shares of Mondelez International by 15.3% in the 3rd quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock worth $683,000 after buying an additional 1,230 shares in the last quarter. Country Trust Bank raised its position in shares of Mondelez International by 108.6% during the third quarter. Country Trust Bank now owns 2,401 shares of the company’s stock worth $177,000 after purchasing an additional 1,250 shares during the period. Atomi Financial Group Inc. raised its position in shares of Mondelez International by 47.9% during the third quarter. Atomi Financial Group Inc. now owns 8,898 shares of the company’s stock worth $655,000 after purchasing an additional 2,882 shares during the period. Tealwood Asset Management Inc. raised its position in shares of Mondelez International by 1.5% during the third quarter. Tealwood Asset Management Inc. now owns 22,444 shares of the company’s stock worth $1,653,000 after purchasing an additional 326 shares during the period. Finally, Axiom Advisory LLC raised its position in Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after buying an additional 143 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MDLZ shares. Piper Sandler lowered their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. DA Davidson cut 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 Wednesday, July 31st. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Stock Performance

Mondelez International stock opened at $70.85 on Wednesday. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The stock has a market capitalization of $95.04 billion, a P/E ratio of 22.49, a PEG ratio of 3.02 and a beta of 0.54. The stock has a 50-day simple moving average of $72.22 and a 200 day simple moving average of $69.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. 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 2.65%. The ex-dividend date is Monday, September 30th. 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.