WBH Advisory Inc. Sells 606 Shares of Mondelez International, Inc. $MDLZ

WBH Advisory Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,145 shares of the company’s stock after selling 606 shares during the period. WBH Advisory Inc.’s holdings in Mondelez International were worth $414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canopy Partners LLC raised its stake in shares of Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares in the last quarter. TCW Group Inc. raised its stake in shares of Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after purchasing an additional 4,002 shares in the last quarter. CORDA Investment Management LLC. raised its stake in Mondelez International by 1.5% in the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after acquiring an additional 8,456 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in Mondelez International in the 1st quarter valued at $392,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Barclays increased their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley decreased their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.84.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $62.81 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock’s fifty day moving average price is $62.25 and its two-hundred day moving average price is $65.21. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.82. The firm has a market cap of $81.27 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 5.58 and a beta of 0.45.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s payout ratio is currently 73.26%.

Mondelez International Profile

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.