Gables Capital Management Inc. Cuts Holdings in Mondelez International, Inc. $MDLZ

Gables Capital Management Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,685 shares of the company’s stock after selling 3,050 shares during the quarter. Gables Capital Management Inc.’s holdings in Mondelez International were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International during the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. bought a new position in shares of Mondelez International during the first quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Mondelez International during the second quarter worth about $33,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MDLZ shares. Piper Sandler raised their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Finally, Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

Mondelez International Trading Down 1.7%

Mondelez International stock opened at $61.75 on Wednesday. The company’s fifty day simple moving average is $62.25 and its 200-day simple moving average is $65.19. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.39. The stock has a market cap of $79.90 billion, a P/E ratio of 22.62, a P/E/G ratio of 5.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $7.30 billion for the quarter. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a $0.50 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International’s dividend payout ratio is currently 73.26%.

Mondelez International 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.