Mosaic Family Wealth Partners LLC Has $253,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mosaic Family Wealth Partners LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,728 shares of the company’s stock after selling 484 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Mondelez International were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Patrick Mauro Investment Advisor INC. raised its stake in shares of Mondelez International by 3.8% in the 1st quarter. Patrick Mauro Investment Advisor INC. now owns 45,256 shares of the company’s stock valued at $3,071,000 after buying an additional 1,666 shares in the last quarter. West Family Investments Inc. increased its stake in Mondelez International by 8.0% in the first quarter. West Family Investments Inc. now owns 3,617 shares of the company’s stock valued at $245,000 after acquiring an additional 268 shares during the period. Whittier Trust Co. raised its position in Mondelez International by 0.8% in the first quarter. Whittier Trust Co. now owns 363,962 shares of the company’s stock worth $24,694,000 after purchasing an additional 3,026 shares in the last quarter. Sage Private Wealth Group LLC lifted its stake in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after purchasing an additional 175 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in Mondelez International during the first quarter valued at approximately $752,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 1.3%

Shares of NASDAQ:MDLZ opened at $66.74 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The stock has a market cap of $86.42 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 5.24 and a beta of 0.48. The company has a 50 day moving average of $66.97 and a 200-day moving average of $64.38. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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 firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MDLZ shares. Wells Fargo & Company raised Mondelez International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus increased their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $70.63.

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.