Sumitomo Mitsui DS Asset Management Company Ltd Sells 575 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sumitomo Mitsui DS Asset Management Company Ltd cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,602 shares of the company’s stock after selling 575 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mondelez International were worth $10,641,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDLZ. Norges Bank acquired a new stake in Mondelez International during the fourth quarter valued at approximately $1,231,413,000. Vanguard Group Inc. boosted its stake in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares in the last quarter. Capital Research Global Investors grew its position in Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after acquiring an additional 6,426,928 shares during the period. First Trust Advisors LP raised its stake in Mondelez International by 152.3% during the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after acquiring an additional 2,483,972 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ stock opened at $71.81 on Friday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $96.32 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The business’s fifty day moving average is $68.04 and its 200-day moving average is $69.27.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.62%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MDLZ shares. Piper Sandler lowered their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Evercore ISI decreased their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Finally, Wells Fargo & Company cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $78.61.

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.