Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,187 shares of the company’s stock after selling 2,579 shares during the period. Cetera Advisor Networks LLC’s holdings in Mondelez International were worth $14,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC boosted its holdings in shares of Mondelez International by 102.9% in the 1st quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock valued at $4,179,000 after acquiring an additional 30,280 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Mondelez International by 224.4% in the first quarter. Cetera Investment Advisers now owns 326,976 shares of the company’s stock valued at $22,888,000 after purchasing an additional 226,173 shares during the last quarter. Burney Co. grew its position in Mondelez International by 918.6% during the 1st quarter. Burney Co. now owns 52,877 shares of the company’s stock worth $3,701,000 after purchasing an additional 47,686 shares during the period. Orleans Capital Management Corp LA raised its stake in shares of Mondelez International by 10.5% during the 1st quarter. Orleans Capital Management Corp LA now owns 8,640 shares of the company’s stock valued at $605,000 after buying an additional 820 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Mondelez International in the 1st quarter valued at about $75,514,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MDLZ shares. JPMorgan Chase & Co. raised their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Piper Sandler increased their target price on shares of Mondelez International from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $79.06.

Mondelez International Price Performance

MDLZ stock traded up $2.37 during midday trading on Friday, reaching $70.68. The stock had a trading volume of 10,309,048 shares, compared to its average volume of 6,749,539. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a market cap of $94.81 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company’s fifty day simple moving average is $66.81 and its 200 day simple moving average is $69.80. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. 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 dividend yield of 2.66%. Mondelez International’s dividend payout ratio is 53.97%.

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.