Federated Hermes Inc. Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Federated Hermes Inc. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,217 shares of the company’s stock after selling 1,964 shares during the period. Federated Hermes Inc.’s holdings in Mondelez International were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Cadence Bank raised its stake in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after purchasing an additional 148 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC raised its position in shares of Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares in the last quarter. Curbstone Financial Management Corp lifted its holdings in shares of Mondelez International by 2.4% in the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock valued at $456,000 after acquiring an additional 150 shares during the last quarter. Finally, Searle & CO. grew its position in Mondelez International by 1.2% in the first quarter. Searle & CO. now owns 12,319 shares of the company’s stock worth $862,000 after acquiring an additional 152 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.7 %

NASDAQ MDLZ opened at $74.28 on Friday. The company has a market capitalization of $99.64 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company’s 50-day simple moving average is $70.66 and its two-hundred day simple moving average is $69.45. 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, Inc. has a one year low of $60.75 and a one year high of $77.20.

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, beating analysts’ consensus estimates of $0.79 by $0.07. The business 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%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared 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 represents a $1.88 annualized dividend and a dividend yield of 2.53%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. DA Davidson dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Piper Sandler reduced their target price 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. Wells Fargo & Company dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Finally, Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.61.

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.