Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,683 shares of the company’s stock after selling 912 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Mondelez International were worth $1,303,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International in the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Bank of America decreased their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Trading Up 0.5 %

NASDAQ MDLZ opened at $71.51 on Friday. 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. The company has a 50-day simple moving average of $72.07 and a 200-day simple moving average of $69.57. The firm has a market capitalization of $95.92 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during 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 firm posted $0.76 earnings per share. On average, equities analysts forecast 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. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.63%. Mondelez International’s dividend payout ratio (DPR) 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.