HB Wealth Management LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 34.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,983 shares of the company's stock after acquiring an additional 5,679 shares during the period. HB Wealth Management LLC's holdings in Mondelez International were worth $1,365,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bivin & Associates Inc. bought a new stake in Mondelez International during the fourth quarter valued at about $25,000. Landmark Wealth Management LLC bought a new stake in Mondelez International during the first quarter valued at about $27,000. Rather & Kittrell Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at about $29,000. MCF Advisors LLC acquired a new position in shares of Mondelez International during the first quarter valued at about $33,000. Finally, GoalVest Advisory LLC raised its position in shares of Mondelez International by 8,685.7% during the second quarter. GoalVest Advisory LLC now owns 615 shares of the company's stock valued at $38,000 after buying an additional 608 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $58.95 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $80.80 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.60. Mondelez International, Inc. has a 12-month low of $57.63 and a 12-month high of $69.47. The firm has a 50-day moving average price of $62.58 and a 200 day moving average price of $62.66.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 2.61%. This is a boost from Mondelez International's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, September 29th. Mondelez International's dividend payout ratio is currently 50.91%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $73.00 to $70.00 in a research report on Monday, July 18th. Sanford C. Bernstein upped their price objective on shares of Mondelez International to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. Cowen assumed coverage on shares of Mondelez International in a research report on Wednesday, September 14th. They set an "outperform" rating and a $71.00 price objective for the company. Piper Sandler cut their price objective on shares of Mondelez International to $72.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Finally, UBS Group cut their price objective on shares of Mondelez International to $73.00 in a research report on Friday, July 22nd. Thirteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $72.85.

Mondelez International Profile

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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