UNIVEST FINANCIAL Corp Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

UNIVEST FINANCIAL Corp lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,525 shares of the company’s stock after selling 185 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $3,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Candriam S.C.A. grew its stake in shares of Mondelez International by 21.3% in the second quarter. Candriam S.C.A. now owns 651,866 shares of the company’s stock worth $42,656,000 after acquiring an additional 114,578 shares during the last quarter. Private Advisor Group LLC grew its position in Mondelez International by 4.1% during the 2nd quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock valued at $3,737,000 after purchasing an additional 2,270 shares during the last quarter. New York Life Investment Management LLC raised its holdings in Mondelez International by 0.7% in the second quarter. New York Life Investment Management LLC now owns 206,814 shares of the company’s stock worth $13,534,000 after buying an additional 1,462 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of Mondelez International by 40.4% in the second quarter. Synergy Asset Management LLC now owns 19,906 shares of the company’s stock worth $1,303,000 after buying an additional 5,729 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Mondelez International by 12.8% during the second quarter. MCF Advisors LLC now owns 4,648 shares of the company’s stock valued at $305,000 after buying an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Evercore ISI lowered their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $75.31 on Friday. The stock has a market cap of $101.02 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The firm has a fifty day moving average price of $68.84 and a 200-day moving average price of $69.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.