Private Advisor Group LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,290 shares of the company's stock after acquiring an additional 196 shares during the quarter. Private Advisor Group LLC's holdings in Mondelez International were worth $4,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Burney Co. boosted its stake in Mondelez International by 3.3% in the first quarter. Burney Co. now owns 4,813 shares of the company's stock valued at $302,000 after acquiring an additional 153 shares during the last quarter. Bollard Group LLC lifted its stake in shares of Mondelez International by 0.5% during the 1st quarter. Bollard Group LLC now owns 29,792 shares of the company's stock valued at $1,870,000 after buying an additional 153 shares in the last quarter. Advisor Partners LLC lifted its stake in shares of Mondelez International by 0.3% during the 1st quarter. Advisor Partners LLC now owns 51,246 shares of the company's stock valued at $3,217,000 after buying an additional 161 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its stake in shares of Mondelez International by 1.4% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 11,801 shares of the company's stock valued at $741,000 after buying an additional 163 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC lifted its stake in shares of Mondelez International by 5.4% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 3,199 shares of the company's stock valued at $201,000 after buying an additional 164 shares in the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Piper Sandler dropped their price target on shares of Mondelez International to $72.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. UBS Group lowered their target price on shares of Mondelez International to $73.00 in a research note on Friday, July 22nd. StockNews.com upgraded shares of Mondelez International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 24th. Finally, Cowen initiated coverage on shares of Mondelez International in a research note on Wednesday, September 14th. They issued an "outperform" rating and a $71.00 target price on the stock. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Mondelez International currently has an average rating of "Buy" and a consensus price target of $72.85.

Mondelez International Price Performance

Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The business had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $6.81 billion. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. During the same quarter in the prior year, the company posted $0.66 EPS. Research analysts predict that Mondelez International, Inc. will post 2.91 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, September 29th. 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. Mondelez International's dividend payout ratio is presently 50.91%.

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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