Aprio Wealth Management LLC Sells 1,178 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Aprio Wealth Management LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,367 shares of the company’s stock after selling 1,178 shares during the period. Aprio Wealth Management LLC’s holdings in Mondelez International were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gotham Asset Management LLC grew its position in Mondelez International by 10.4% in the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after acquiring an additional 16,450 shares during the last quarter. GSA Capital Partners LLP bought a new position in Mondelez International in the first quarter valued at about $1,686,000. Alaska Permanent Fund Corp grew its position in Mondelez International by 76.4% in the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after acquiring an additional 27,370 shares during the last quarter. GLOBALT Investments LLC GA bought a new position in Mondelez International in the fourth quarter valued at about $5,290,000. Finally, Duality Advisers LP bought a new position in Mondelez International in the first quarter valued at about $4,528,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Bank of America cut their price target on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group started coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Price Performance

Mondelez International stock opened at $70.85 on Wednesday. The stock’s 50 day moving average is $72.14 and its 200 day moving average is $69.55. 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 firm has a market cap of $95.04 billion, a P/E ratio of 22.49, a P/E/G ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. 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 yield of 2.65%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 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.