Mondelez International Inc (NASDAQ:MDLZ) Shares Sold by Huntington National Bank
Huntington National Bank reduced its stake in Mondelez International Inc (NASDAQ:MDLZ) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,095 shares of the company’s stock after selling 1,564 shares during the period. Huntington National Bank’s holdings in Mondelez International were worth $5,476,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marquette Asset Management LLC purchased a new position in shares of Mondelez International during the first quarter worth $25,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC raised its holdings in shares of Mondelez International by 71.5% during the first quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock valued at $25,000 after acquiring an additional 211 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Mondelez International during the first quarter valued at approximately $25,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of Mondelez International by 249.3% during the second quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock valued at $25,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.
Several equities research analysts recently commented on MDLZ shares. Morgan Stanley increased their price target on Mondelez International from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays reaffirmed a “buy” rating and issued a $62.00 price target on shares of Mondelez International in a report on Thursday. Piper Sandler increased their price target on Mondelez International from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim increased their price target on Mondelez International from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group increased their price target on Mondelez International from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday. Twenty research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $62.24.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.56 by $0.07. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International Inc will post 2.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 2.27%. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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