Quotient Wealth Partners LLC Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Quotient Wealth Partners LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,326 shares of the company’s stock after selling 2,209 shares during the period. Quotient Wealth Partners LLC’s holdings in Mondelez International were worth $319,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in shares of Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after buying an additional 16,450 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Mondelez International during the 1st quarter valued at about $1,686,000. Alaska Permanent Fund Corp raised its holdings in shares of Mondelez International by 76.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after buying an additional 27,370 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Mondelez International during the 4th quarter valued at about $5,290,000. Finally, Duality Advisers LP purchased a new position in shares of Mondelez International during the 1st quarter valued at about $4,528,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ opened at $71.14 on Friday. 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, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a 50-day simple moving average of $72.27 and a two-hundred day simple moving average of $69.55. The firm has a market capitalization of $95.03 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS 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 business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the business posted $0.76 earnings per share. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 3.5 EPS 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 $0.47 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.64%. Mondelez International’s dividend payout ratio (DPR) is 64.60%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDLZ. Sanford C. Bernstein decreased their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Bank of America cut their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Piper Sandler dropped their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.41.

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.