First City Capital Management Inc. Has $1.04 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First City Capital Management Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,838 shares of the company’s stock after selling 778 shares during the quarter. First City Capital Management Inc.’s holdings in Mondelez International were worth $1,036,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new stake in Mondelez International during the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter valued at about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $34,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Piper Sandler dropped their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Trading Down 0.7 %

NASDAQ MDLZ opened at $74.28 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $70.66 and a 200 day simple moving average of $69.45. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The firm has a market capitalization of $99.64 billion, a P/E ratio of 23.58, a PEG ratio of 3.01 and a beta of 0.54.

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

Mondelez International Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) 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.