WMS Partners LLC Has $999,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

WMS Partners LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,007 shares of the company’s stock after selling 236 shares during the quarter. WMS Partners LLC’s holdings in Mondelez International were worth $999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Shields Capital Management LLC lifted its holdings in shares of Mondelez International by 0.6% during the second quarter. Wellington Shields Capital Management LLC now owns 26,401 shares of the company’s stock valued at $1,648,000 after acquiring an additional 166 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Mondelez International by 62.3% during the second quarter. Renaissance Technologies LLC now owns 1,842,498 shares of the company’s stock valued at $115,046,000 after acquiring an additional 707,200 shares during the period. First Foundation Advisors lifted its holdings in shares of Mondelez International by 3.4% during the second quarter. First Foundation Advisors now owns 12,374 shares of the company’s stock valued at $773,000 after acquiring an additional 404 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Mondelez International by 7.7% during the second quarter. Epoch Investment Partners Inc. now owns 232,609 shares of the company’s stock valued at $14,524,000 after acquiring an additional 16,650 shares during the period. Finally, Ossiam lifted its holdings in shares of Mondelez International by 140.2% during the second quarter. Ossiam now owns 56,956 shares of the company’s stock valued at $3,603,000 after acquiring an additional 33,241 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

In other Mondelez International news, Director Peter W. May sold 79,346 shares of the stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $62.06, for a total transaction of $4,924,212.76. Following the completion of the transaction, 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 can be accessed through the SEC website. Also, Director Peter W. May sold 399,654 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $61.99, for a total value of $24,774,551.46. Following the completion of the sale, the director now owns 16,062 shares in the company, valued at $995,683.38. The disclosure for this sale can be found here. Insiders have sold 640,316 shares of company stock worth $39,732,619 in the last three months. 0.90% of the stock is currently owned by insiders.

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

Shares of NASDAQ:MDLZ traded down $0.08 during trading on Monday, reaching $60.07. 132,413 shares of the company traded hands, compared to its average volume of 7,112,179. The firm has a market capitalization of $83.97 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.42 and a beta of 0.66. Mondelez International, Inc. has a 52-week low of $52.51 and a 52-week high of $65.60. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $61.00 and its 200-day moving average is $61.71.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 27th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Mondelez International had a return on equity of 14.30% and a net margin of 15.49%. The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.41 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 14th. Investors of record on Thursday, September 30th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, September 29th. This represents a $1.40 annualized dividend and a yield of 2.33%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.32. 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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