Banque Pictet & Cie SA Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Banque Pictet & Cie SA trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,412 shares of the company’s stock after selling 35,985 shares during the quarter. Banque Pictet & Cie SA’s holdings in Mondelez International were worth $9,647,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MDLZ. International Assets Investment Management LLC lifted its position in Mondelez International by 10.4% during the fourth quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after purchasing an additional 987 shares during the last quarter. CWM LLC raised its position in shares of Mondelez International by 22.0% during the 4th quarter. CWM LLC now owns 75,042 shares of the company’s stock valued at $5,435,000 after buying an additional 13,536 shares in the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Mondelez International by 128.6% during the 4th quarter. RWA Wealth Partners LLC now owns 15,114 shares of the company’s stock worth $1,095,000 after acquiring an additional 8,503 shares during the last quarter. Larson Financial Group LLC grew its position in Mondelez International by 25.1% in the fourth quarter. Larson Financial Group LLC now owns 1,552 shares of the company’s stock worth $112,000 after acquiring an additional 311 shares in the last quarter. Finally, Alaska Permanent Fund Corp increased its stake in Mondelez International by 141.7% in the fourth quarter. Alaska Permanent Fund Corp now owns 35,832 shares of the company’s stock valued at $2,595,000 after acquiring an additional 21,004 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.6 %

MDLZ traded up $0.40 during midday trading on Friday, reaching $71.23. 4,586,583 shares of the company’s stock traded hands, compared to its average volume of 7,108,463. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week 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 0.63. The firm has a fifty day moving average of $67.64 and a two-hundred day moving average of $69.32. The stock has a market capitalization of $95.55 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its 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 company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced 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. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MDLZ shares. Evercore ISI cut their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. TD Cowen cut their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Bank of America cut their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Piper Sandler decreased their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Company 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.