Carret Asset Management LLC Sells 222 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Carret Asset Management LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,356 shares of the company’s stock after selling 222 shares during the period. Carret Asset Management LLC’s holdings in Mondelez International were worth $1,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the second quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter worth about $29,000. ESL Trust Services LLC bought a new position in shares of Mondelez International in the first quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MDLZ shares. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Piper Sandler lowered their price target on Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. DA Davidson decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.35.

Mondelez International Trading Down 1.0 %

Shares of MDLZ stock opened at $69.23 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company has a market cap of $92.86 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The firm has a fifty day moving average price of $72.54 and a 200-day moving average price of $69.69.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. Mondelez International’s payout ratio is 59.68%.

Mondelez International Company 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.