Traphagen Investment Advisors LLC Has $1.73 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Traphagen Investment Advisors LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,432 shares of the company’s stock after selling 7,142 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Mondelez International were worth $1,726,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MDLZ. RFG Advisory LLC increased its stake in shares of Mondelez International by 10.8% in the 1st quarter. RFG Advisory LLC now owns 4,992 shares of the company’s stock valued at $349,000 after purchasing an additional 487 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Mondelez International during the first quarter worth about $855,000. Riverview Trust Co acquired a new position in Mondelez International during the first quarter worth about $44,000. Mechanics Bank Trust Department lifted its holdings in shares of Mondelez International by 53.6% in the first quarter. Mechanics Bank Trust Department now owns 6,684 shares of the company’s stock worth $468,000 after acquiring an additional 2,333 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Mondelez International by 4.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 22,956 shares of the company’s stock valued at $1,607,000 after purchasing an additional 1,051 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ traded up $0.49 during midday trading on Tuesday, reaching $70.92. The company had a trading volume of 700,714 shares, compared to its average volume of 6,756,634. The business has a 50-day moving average price of $72.55 and a two-hundred day moving average price of $69.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 12-month low of $63.66 and a 12-month high of $77.20. The stock has a market cap of $95.13 billion, a PE ratio of 22.30, a P/E/G ratio of 2.87 and a beta of 0.54.

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

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research reports. DA Davidson dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Piper Sandler lowered their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. The Goldman Sachs Group began coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.06.

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.