Gamco Investors INC. ET AL Sells 14,034 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Gamco Investors INC. ET AL reduced its position in Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 997,058 shares of the company’s stock after selling 14,034 shares during the quarter. Gamco Investors INC. ET AL owned 0.07% of Mondelez International worth $62,595,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bivin & Associates Inc. purchased a new stake in shares of Mondelez International in the 4th quarter valued at $25,000. Landmark Wealth Management LLC bought a new position in shares of Mondelez International during the first quarter valued at about $27,000. Bell Investment Advisors Inc lifted its stake in shares of Mondelez International by 64.3% in the 4th quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares during the last quarter. Rather & Kittrell Inc. bought a new position in Mondelez International during the 4th quarter worth approximately $29,000. Finally, MCF Advisors LLC bought a new position in Mondelez International during the 1st quarter worth approximately $33,000. 76.41% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $59.88 on Wednesday. Mondelez International, Inc. has a fifty-two week low of $57.63 and a fifty-two week high of $69.47. The stock has a market cap of $82.07 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 3.05 and a beta of 0.60. The stock’s 50 day simple moving average is $62.92 and its two-hundred day simple moving average is $62.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, analysts expect that Mondelez International, Inc. will post 2.91 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 2.57%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, September 29th. Mondelez International’s dividend payout ratio (DPR) is presently 50.91%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Sanford C. Bernstein boosted their price objective on Mondelez International to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $73.00 to $70.00 in a research report on Monday, July 18th. Piper Sandler dropped their target price on shares of Mondelez International to $72.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. StockNews.com raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Finally, UBS Group lowered their price target on Mondelez International to $73.00 in a research report on Friday, July 22nd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $73.18.

Mondelez International Company Profile

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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