Davis Rea LTD. Has $4.28 Million Holdings in Mondelez International, Inc. $MDLZ

Davis Rea LTD. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 62,971 shares of the company’s stock after selling 317 shares during the quarter. Davis Rea LTD.’s holdings in Mondelez International were worth $4,276,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC acquired a new stake in Mondelez International in the first quarter worth $866,843,000. Goldman Sachs Group Inc. grew its holdings in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Mondelez International in the first quarter worth $189,930,000. Finally, Natixis Advisors LLC grew its holdings in Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.7%

MDLZ opened at $61.45 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company’s 50-day moving average is $62.28 and its 200 day moving average is $65.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The firm has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion for the quarter. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s payout ratio is 73.26%.

Analyst Ratings Changes

A number of equities research analysts have commented on MDLZ shares. Evercore ISI reduced their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Barclays raised their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Finally, Piper Sandler raised their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $71.55.

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.