Meyer Handelman Co. Has $9.36 Million Stake in Mondelez International, Inc. $MDLZ

Meyer Handelman Co. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,837 shares of the company’s stock after selling 10,948 shares during the quarter. Meyer Handelman Co.’s holdings in Mondelez International were worth $9,360,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC boosted its position in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after buying an additional 196 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in shares of Mondelez International during the third quarter valued at $209,000. Blue Trust Inc. boosted its holdings in Mondelez International by 3.4% in the third quarter. Blue Trust Inc. now owns 42,589 shares of the company’s stock valued at $2,661,000 after acquiring an additional 1,399 shares during the last quarter. Covea Finance boosted its holdings in Mondelez International by 5.5% in the third quarter. Covea Finance now owns 192,420 shares of the company’s stock valued at $12,020,000 after acquiring an additional 10,000 shares during the last quarter. Finally, CWM LLC increased its position in Mondelez International by 16.5% in the third quarter. CWM LLC now owns 164,518 shares of the company’s stock worth $10,277,000 after purchasing an additional 23,271 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MDLZ shares. Mizuho reduced their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. 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 report on Friday, December 19th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Barclays reduced their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.58.

Mondelez International Stock Up 0.0%

NASDAQ:MDLZ opened at $54.64 on Friday. Mondelez International, Inc. has a 1 year low of $53.13 and a 1 year high of $71.15. The stock has a 50-day moving average price of $56.55 and a two-hundred day moving average price of $61.82. The stock has a market cap of $70.51 billion, a price-to-earnings 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 (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio is 74.91%.

About Mondelez International

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.