Vanguard Personalized Indexing Management LLC Sells 32,487 Shares of Mondelez International, Inc. $MDLZ

Vanguard Personalized Indexing Management LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,096 shares of the company’s stock after selling 32,487 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Mondelez International were worth $11,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the period. Jamison Private Wealth Management Inc. lifted its position in Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after buying an additional 172 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in Mondelez International by 4.9% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,713 shares of the company’s stock worth $250,000 after buying an additional 175 shares during the period. Financial Perspectives Inc boosted its stake in Mondelez International by 22.9% during the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock worth $59,000 after buying an additional 176 shares during the period. Finally, Sonora Investment Management Group LLC increased its position in Mondelez International by 3.8% during the second quarter. Sonora Investment Management Group LLC now owns 4,888 shares of the company’s stock valued at $330,000 after acquiring an additional 179 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDLZ. Royal Bank Of Canada decreased their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Stifel Nicolaus cut their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Mizuho reduced their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Finally, Piper Sandler lowered their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.11.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $58.53 on Tuesday. The firm has a 50 day moving average of $55.40 and a 200 day moving average of $59.94. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $75.52 billion, a price-to-earnings ratio of 21.92 and a beta of 0.39. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The company had revenue of $9.74 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s payout ratio is currently 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.