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

Daymark Wealth Partners LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,570 shares of the company’s stock after selling 2,061 shares during the period. Daymark Wealth Partners LLC’s holdings in Mondelez International were worth $989,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Glass Jacobson Investment Advisors llc raised its position in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock valued at $160,000 after purchasing an additional 168 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after purchasing an additional 181 shares during the last quarter. Core Alternative Capital raised its holdings in Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after acquiring an additional 187 shares during the last quarter. 44 Wealth Management LLC raised its holdings in Mondelez International by 2.6% in the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company’s stock worth $457,000 after acquiring an additional 191 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its stake in Mondelez International by 4.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company’s stock valued at $284,000 after buying an additional 193 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MDLZ. UBS Group upped their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Piper Sandler upped their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Finally, Barclays lifted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.11.

Mondelez International Trading Up 0.8%

Shares of Mondelez International stock opened at $67.24 on Wednesday. The firm has a 50-day simple moving average of $66.43 and a two-hundred day simple moving average of $63.43. The company has a market cap of $87.06 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International’s dividend payout ratio is currently 69.89%.

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.