Cetera Investment Advisers Sells 5,765 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cetera Investment Advisers reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,332 shares of the company’s stock after selling 5,765 shares during the quarter. Cetera Investment Advisers’ holdings in Mondelez International were worth $18,817,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its holdings in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after buying an additional 1,013 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company’s stock valued at $3,039,000 after buying an additional 8,544 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock valued at $738,000 after buying an additional 4,002 shares during the period. CORDA Investment Management LLC. lifted its holdings in Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock valued at $38,920,000 after buying an additional 8,456 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company’s stock valued at $1,040,697,000 after buying an additional 208,181 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. JPMorgan Chase & Co. increased 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. UBS Group increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Evercore ISI increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Piper Sandler lifted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $70.72.

Mondelez International Stock Down 1.4%

Mondelez International stock opened at $69.58 on Tuesday. The company has a market cap of $90.09 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a fifty day simple moving average of $67.72 and a 200 day simple moving average of $65.11. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) 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.