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

Apollon Wealth Management LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,255 shares of the company’s stock after selling 222 shares during the quarter. Apollon Wealth Management LLC’s holdings in Mondelez International were worth $2,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Mondelez International during the fourth quarter valued at approximately $1,231,413,000. Vanguard Group Inc. lifted 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 valued at $9,153,609,000 after purchasing an additional 6,696,897 shares in the last quarter. Capital Research Global Investors grew its position in shares of Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. First Trust Advisors LP increased its position in shares of Mondelez International by 152.3% during the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after acquiring an additional 2,483,972 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 1,686,229 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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 target price for the company. Piper Sandler cut their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Bank of America cut their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Evercore ISI dropped their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Trading Up 1.1 %

Shares of NASDAQ:MDLZ traded up $0.77 during midday trading on Monday, reaching $70.89. The company’s stock had a trading volume of 3,934,485 shares, compared to its average volume of 7,187,429. The firm has a market capitalization of $95.09 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a 50 day moving average price of $67.20 and a two-hundred day moving average price of $69.45. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s 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 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 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.