Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 29.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,202 shares of the company’s stock after selling 9,422 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Mondelez International were worth $1,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Moneta Group Investment Advisors LLC grew its position in shares of Mondelez International by 116,165.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after buying an additional 23,368,990 shares in the last quarter. Norges Bank purchased a new stake in Mondelez International in the fourth quarter valued at approximately $981,319,000. Morgan Stanley lifted its stake in Mondelez International by 25.8% in the fourth quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after buying an additional 4,663,166 shares during the last quarter. Holocene Advisors LP purchased a new stake in Mondelez International in the second quarter valued at approximately $247,138,000. Finally, Renaissance Technologies LLC lifted its stake in Mondelez International by 759.1% in the first quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock valued at $190,556,000 after buying an additional 2,682,000 shares during the last quarter. 76.16% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.35 during trading hours on Monday, reaching $73.52. 3,177,142 shares of the company traded hands, compared to its average volume of 6,704,834. The firm’s 50-day moving average is $72.99 and its 200-day moving average is $70.80. The stock has a market cap of $100.05 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. Mondelez International’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.51 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDLZ. JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 29th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Piper Sandler raised their price objective on shares of Mondelez International from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Bank of America dropped their target price on Mondelez International from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Finally, Argus raised Mondelez International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $81.37.

View Our Latest Analysis on Mondelez International

Mondelez International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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