Beacon Capital Management LLC Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Beacon Capital Management LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,109 shares of the company’s stock after selling 151 shares during the quarter. Beacon Capital Management LLC’s holdings in Mondelez International were worth $73,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC grew its position in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter worth approximately $27,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MDLZ shares. Stifel Nicolaus decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Piper Sandler decreased their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Barclays decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Wells Fargo & Company reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Trading Up 0.6 %

Shares of NASDAQ MDLZ traded up $0.40 during trading on Friday, reaching $71.23. The stock had a trading volume of 4,586,583 shares, compared to its average volume of 7,108,463. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market cap of $95.55 billion, a P/E ratio of 22.61, a PEG ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The business’s 50-day moving average price is $67.64 and its 200-day moving average price is $69.32.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 3.49 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. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 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.