Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by STF Management LP

STF Management LP reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,279 shares of the company’s stock after selling 1,040 shares during the period. STF Management LP’s holdings in Mondelez International were worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Mondelez International during the 4th quarter valued at $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $75.26 on Monday. The company has a 50-day moving average price of $69.72 and a two-hundred day moving average price of $69.33. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The stock has a market cap of $100.95 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Piper Sandler lowered their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. DA Davidson decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target 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.