FourThought Financial LLC Sells 1,259 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

FourThought Financial LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,247 shares of the company’s stock after selling 1,259 shares during the quarter. FourThought Financial LLC’s holdings in Mondelez International were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stephens Inc. AR increased its holdings in shares of Mondelez International by 0.5% in the 3rd quarter. Stephens Inc. AR now owns 35,478 shares of the company’s stock worth $1,945,000 after buying an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Mondelez International by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,334 shares of the company’s stock worth $237,000 after buying an additional 163 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Mondelez International by 1.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 13,017 shares of the company’s stock worth $714,000 after buying an additional 163 shares during the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Mondelez International by 2.8% in the 3rd quarter. Evermay Wealth Management LLC now owns 6,019 shares of the company’s stock worth $332,000 after buying an additional 165 shares during the last quarter. Finally, Frontier Wealth Management LLC increased its holdings in shares of Mondelez International by 1.7% in the 1st quarter. Frontier Wealth Management LLC now owns 10,465 shares of the company’s stock worth $666,000 after buying an additional 172 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDLZ. Wells Fargo & Company upped their price objective on shares of Mondelez International from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. UBS Group cut shares of Mondelez International from a “buy” rating to a “neutral” rating and upped their price objective for the company from $70.00 to $71.00 in a research note on Thursday, December 8th. Piper Sandler upped their price objective on shares of Mondelez International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. StockNews.com began coverage on shares of Mondelez International in a research report on Thursday. They set a “hold” rating for the company. Finally, Royal Bank of Canada cut shares of Mondelez International from an “outperform” rating to a “sector perform” rating and set a $69.00 price target for the company. in a research report on Tuesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Stock Up 0.8 %

Shares of Mondelez International stock opened at $66.94 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.60 and a quick ratio of 0.40. The company has a 50-day moving average of $65.75 and a 200 day moving average of $63.68. The firm has a market cap of $91.26 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.90 and a beta of 0.65. Mondelez International, Inc. has a 1 year low of $54.72 and a 1 year high of $68.81.

Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.30 billion. Mondelez International had a net margin of 8.63% and a return on equity of 15.04%. Mondelez International’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.17 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.385 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.54 dividend on an annualized basis and a yield of 2.30%. Mondelez International’s dividend payout ratio is currently 78.57%.

Mondelez International Profile

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.