TCTC Holdings LLC Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

TCTC Holdings LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,293 shares of the company’s stock after selling 957 shares during the period. TCTC Holdings LLC’s holdings in Mondelez International were worth $13,793,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MDLZ. Capital Research Global Investors increased its stake in shares of Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Mondelez International in the first quarter valued at approximately $189,930,000. Deutsche Bank AG boosted its position in shares of Mondelez International by 17.1% in the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $104,065,000. Finally, Invesco Ltd. boosted its position in shares of Mondelez International by 13.6% in the fourth quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after acquiring an additional 1,483,270 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.4%

Shares of MDLZ opened at $69.58 on Tuesday. The firm has a market cap of $90.09 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 5.31 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a 50 day moving average price of $67.72 and a 200-day moving average price of $65.11.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International’s payout ratio is 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. UBS Group raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Morgan Stanley raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.72.

Mondelez International Company Profile

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.