Seeyond Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Seeyond lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,857 shares of the company’s stock after selling 812 shares during the quarter. Seeyond’s holdings in Mondelez International were worth $2,863,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MDLZ. E Fund Management Co. Ltd. purchased a new position in Mondelez International in the first quarter valued at $983,000. JT Stratford LLC purchased a new position in shares of Mondelez International during the first quarter worth about $201,000. Cresset Asset Management LLC grew its holdings in shares of Mondelez International by 4.5% during the first quarter. Cresset Asset Management LLC now owns 43,767 shares of the company’s stock worth $2,576,000 after purchasing an additional 1,883 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mondelez International by 2.0% during the first quarter. Geode Capital Management LLC now owns 22,101,716 shares of the company’s stock worth $1,289,817,000 after purchasing an additional 424,151 shares during the last quarter. Finally, M Holdings Securities Inc. grew its holdings in shares of Mondelez International by 15.8% during the first quarter. M Holdings Securities Inc. now owns 12,527 shares of the company’s stock worth $733,000 after purchasing an additional 1,708 shares during the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on MDLZ. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $71.00 price objective on shares of Mondelez International in a report on Friday, August 6th. Guggenheim raised their price objective on Mondelez International from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 28th. Piper Sandler raised their price objective on Mondelez International from $69.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Morgan Stanley started coverage on shares of Mondelez International in a research note on Tuesday, September 21st. They set a “buy” rating and a $69.00 target price for the company. Finally, The Goldman Sachs Group downgraded shares of Mondelez International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Buy” and a consensus target price of $67.08.

In other news, Director Peter W. May sold 79,346 shares of the business’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $62.06, for a total value of $4,924,212.76. Following the completion of the sale, the director now owns 16,062 shares of the company’s stock, valued at approximately $996,807.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter W. May sold 161,316 shares of the business’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $62.20, for a total transaction of $10,033,855.20. The disclosure for this sale can be found here. Insiders have sold a total of 640,316 shares of company stock worth $39,732,619 in the last 90 days. Company insiders own 0.90% of the company’s stock.

MDLZ stock traded up $0.31 during midday trading on Thursday, hitting $60.27. The stock had a trading volume of 44,351 shares, compared to its average volume of 7,105,906. The firm has a market cap of $84.25 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.61 and a quick ratio of 0.41. Mondelez International, Inc. has a 12-month low of $52.51 and a 12-month high of $65.60. The company’s 50-day moving average price is $61.06 and its 200 day moving average price is $61.68.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 27th. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Mondelez International had a net margin of 15.49% and a return on equity of 14.30%. Mondelez International’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 30th will be issued a dividend of $0.35 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, September 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.32%. Mondelez International’s payout ratio is presently 54.05%.

Mondelez International Profile

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 & candy, cheese & grocery and meals.

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

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