Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 65,368 shares of the company's stock after selling 8,400 shares during the period. Peapack Gladstone Financial Corp's holdings in Mondelez International were worth $3,906,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. United Bank lifted its position in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after purchasing an additional 2,549 shares during the period. EP Wealth Advisors LLC raised its position in Mondelez International by 10.0% in the third quarter. EP Wealth Advisors LLC now owns 26,982 shares of the company's stock worth $1,988,000 after acquiring an additional 2,459 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Mondelez International by 10.6% in the third quarter. Orion Portfolio Solutions LLC now owns 92,782 shares of the company's stock valued at $6,835,000 after acquiring an additional 8,886 shares during the period. MML Investors Services LLC boosted its position in shares of Mondelez International by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 69,108 shares of the company's stock worth $5,091,000 after purchasing an additional 916 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC grew its stake in shares of Mondelez International by 3.4% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 26,862 shares of the company's stock worth $1,979,000 after purchasing an additional 894 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Piper Sandler lifted their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $70.50.

Mondelez International Trading Up 1.6 %

MDLZ stock traded up $1.07 on Friday, hitting $67.05. 8,840,632 shares of the company were exchanged, compared to its average volume of 8,046,489. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $86.73 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business's fifty day moving average is $64.38 and its two-hundred day moving average is $64.18.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International's dividend payout ratio is currently 54.97%.

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.