Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Freedom Together Foundation

Freedom Together Foundation lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 80.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,911 shares of the company’s stock after selling 117,000 shares during the period. Mondelez International comprises 0.2% of Freedom Together Foundation’s investment portfolio, making the stock its 14th biggest position. Freedom Together Foundation’s holdings in Mondelez International were worth $1,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MDLZ. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth about $27,000. Transce3nd LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $66.37 on Friday. The stock has a market cap of $85.94 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $66.41 and a 200 day moving average price of $63.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the previous year, the company earned $0.93 earnings per share. Mondelez International’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International’s dividend payout ratio is currently 69.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MDLZ shares. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Finally, Evercore ISI boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

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.