Pine Valley Investments Ltd Liability Co reduces stake in Mondelez International, Inc. (NASDAQ:MDLZ)

VaselineSeptember 1, 2024

0 3 minutes read

Pine Valley Investments Ltd Liability Co reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,402 shares of the company’s stock after selling 1,184 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Mondelez International were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Bogart Wealth LLC grew its holdings in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. . Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the second quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter valued at $29,000. 78.32% of the shares are currently held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

A number of research analysts recently weighed in on MDLZ shares. Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Bank of America cut their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Moderate Buy” and an average price target of $78.61, according to MarketBeat.com.

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Mondelez international trading up 1.5%

NASDAQ:MDLZ opened at $71.81 on Friday. The stock has a market cap of $95.92 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50, and a current ratio of 0.68. The company’s 50-day simple moving average is $68.15, and its 200-day simple moving average is $69.26.

Mondelez International (NASDAQ:MDLZ – Get Your Free Report ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the previous year, the company posted EPS of $0.76. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International raises dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a dividend of $1.88 on an annualized basis and a yield of 2.62%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30. Mondelez International’s dividend yield is 53.97%.

Mondelez International Company Profile

(Free report)

Mondelez International, Inc, through its subsidiaries, manufactures, markets and sells snack foods and beverages in Latin America, North America, Asia, the Middle East, Africa and Europe. Offers baked cookies and snacks, including cookies, crackers, savory snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheeses and powdered food and beverage products.