Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 70.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,352 shares of the company's stock after selling 36,767 shares during the period. Alpha DNA Investment Management LLC's holdings in Mondelez International were worth $1,005,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDLZ. Vanguard Group Inc. raised its holdings in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company's stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company's stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Capital Research Global Investors boosted its holdings in Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company's stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Capital World Investors grew its stake in shares of Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company's stock valued at $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock worth $1,094,557,000 after buying an additional 4,794,746 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $78.00 to $75.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. TD Cowen lowered their price target on Mondelez International from $83.00 to $79.00 and set a "buy" rating for the company in a report on Thursday, June 6th. Bank of America reduced their price objective on shares of Mondelez International from $82.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Piper Sandler lowered their target price on shares of Mondelez International from $78.00 to $76.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Finally, The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a "buy" rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.29.

Mondelez International Stock Down 0.1 %

Shares of NASDAQ:MDLZ traded down $0.10 during trading hours on Wednesday, reaching $74.06. The stock had a trading volume of 4,949,729 shares, compared to its average volume of 6,967,784. The stock has a market capitalization of $98.93 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 3.02 and a beta of 0.54. The firm's 50 day moving average is $71.03 and its 200-day moving average is $69.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS 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 analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. Research analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.54%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.43. Mondelez International's dividend payout ratio is currently 53.97%.

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.