Sachetta LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

Sachetta LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 15.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 986 shares of the company’s stock after selling 182 shares during the quarter. Sachetta LLC’s holdings in Mondelez International were worth $67,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Mondelez International in the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors lifted its position in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International during the first quarter worth $189,930,000. Deutsche Bank AG boosted its stake in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after buying an additional 2,002,640 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mondelez International in the 4th quarter valued at $104,065,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 9th. Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $68.00 to $78.00 in a report on Friday, June 20th. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. UBS Group raised their price objective on Mondelez International from $69.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.72.

View Our Latest Stock Report on Mondelez International

Mondelez International Price Performance

MDLZ stock opened at $69.80 on Friday. The business has a 50 day moving average price of $67.03 and a 200 day moving average price of $64.47. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock has a market cap of $90.38 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 5.23 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

About Mondelez International

(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.

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