Sapient Capital LLC Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sapient Capital LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,656 shares of the company’s stock after selling 1,658 shares during the quarter. Sapient Capital LLC’s holdings in Mondelez International were worth $2,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Mondelez International by 7.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,675 shares of the company’s stock valued at $1,965,000 after purchasing an additional 1,868 shares during the period. Compagnie Lombard Odier SCmA grew its stake in Mondelez International by 5.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 879,370 shares of the company’s stock valued at $64,783,000 after acquiring an additional 41,892 shares during the period. CVA Family Office LLC increased its holdings in Mondelez International by 2.4% in the 3rd quarter. CVA Family Office LLC now owns 8,071 shares of the company’s stock worth $595,000 after acquiring an additional 188 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Mondelez International by 177.0% during the third quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock worth $1,967,000 after acquiring an additional 17,060 shares during the period. Finally, Carnegie Investment Counsel raised its position in Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.5 %

Shares of MDLZ stock traded down $0.35 on Monday, hitting $70.31. The stock had a trading volume of 204,061 shares, compared to its average volume of 6,793,935. The company’s 50 day moving average price is $72.33 and its 200-day moving average price is $69.55. Mondelez International, Inc. has a 1 year low of $61.83 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market capitalization of $94.31 billion, a P/E ratio of 22.43, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.67%. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analysts Set New Price Targets

A number of research firms have recently commented on MDLZ. Piper Sandler cut their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Citigroup increased their price objective on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $78.41.

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.