Pacer Advisors Inc. Trims Holdings in Mondelez International, Inc. $MDLZ

Pacer Advisors Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,419 shares of the company’s stock after selling 29,114 shares during the period. Pacer Advisors Inc.’s holdings in Mondelez International were worth $12,270,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MDLZ. Brighton Jones LLC boosted its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares in the last quarter. WPG Advisers LLC bought a new stake in Mondelez International in the first quarter worth $70,000. The Manufacturers Life Insurance Company grew its stake in shares of Mondelez International by 0.7% in the first quarter. The Manufacturers Life Insurance Company now owns 866,186 shares of the company’s stock worth $58,771,000 after acquiring an additional 5,888 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Mondelez International by 29.7% during the first quarter. Evergreen Capital Management LLC now owns 14,348 shares of the company’s stock valued at $980,000 after acquiring an additional 3,288 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Mondelez International by 8.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,861 shares of the company’s stock valued at $330,000 after acquiring an additional 379 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $54.64 on Friday. The firm has a fifty day simple moving average of $56.55 and a two-hundred day simple moving average of $61.78. The firm has a market cap of $70.51 billion, a PE ratio of 20.46 and a beta of 0.39. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 1-year low of $53.13 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion during the quarter. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America cut their price objective on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Stifel Nicolaus cut their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Piper Sandler decreased their price objective on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 21st. DA Davidson cut their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.58.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.