Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Parthenon LLC

Parthenon LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,728 shares of the company’s stock after selling 2,600 shares during the period. Mondelez International makes up 1.4% of Parthenon LLC’s portfolio, making the stock its 20th biggest position. Parthenon LLC’s holdings in Mondelez International were worth $11,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors boosted its position in shares of Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares during the period. Capital World Investors boosted its position in shares of Mondelez International by 2.2% in the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter worth about $1,231,413,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.0 %

Shares of Mondelez International stock opened at $74.38 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $69.56 and its 200-day simple moving average is $69.37. The stock has a market capitalization of $99.36 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

Analyst Ratings Changes

A number of research analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler reduced their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. TD Cowen reduced their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, Barclays reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

About Mondelez International

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.