Johnson Investment Counsel Inc. Sells 739 Shares of Mondelez International, Inc. $MDLZ

Johnson Investment Counsel Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,638 shares of the company’s stock after selling 739 shares during the period. Johnson Investment Counsel Inc.’s holdings in Mondelez International were worth $3,685,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD raised its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC bought a new position in Mondelez International in the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. raised its position in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC raised its position in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in Mondelez International by 659.9% in the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock worth $101,988,000 after purchasing an additional 1,305,332 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Morgan Stanley lowered their target price on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $71.55.

Check Out Our Latest Report on MDLZ

Mondelez International Price Performance

Shares of MDLZ stock opened at $61.45 on Monday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The firm has a market capitalization of $79.51 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $62.28 and a 200-day moving average of $65.43.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Mondelez International Company Profile

(Free Report)

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.

See Also

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

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