Brookstone Capital Management grew its position in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 145.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,393 shares of the company's stock after purchasing an additional 15,048 shares during the quarter. Brookstone Capital Management's holdings in Mondelez International were worth $1,586,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Landmark Wealth Management LLC acquired a new stake in Mondelez International in the 1st quarter valued at approximately $27,000. Bivin & Associates Inc. acquired a new stake in shares of Mondelez International in the fourth quarter worth $25,000. Bell Investment Advisors Inc increased its position in Mondelez International by 64.3% during the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company's stock worth $28,000 after acquiring an additional 164 shares during the period. Rather & Kittrell Inc. acquired a new position in Mondelez International during the 4th quarter valued at $29,000. Finally, MCF Advisors LLC bought a new stake in Mondelez International in the 1st quarter valued at $33,000. 76.41% of the stock is currently owned by institutional investors and hedge funds.
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Mondelez International Stock Down 1.0 %
Shares of NASDAQ:MDLZ opened at $59.75 on Wednesday. The company's fifty day moving average is $62.74 and its 200-day moving average is $62.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $57.63 and a 52 week high of $69.47. The company has a market capitalization of $81.89 billion, a PE ratio of 21.73, a P/E/G ratio of 3.01 and a beta of 0.60.
Mondelez International (NASDAQ:MDLZ – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $6.81 billion. Mondelez International had a net
margin of 12.93% and a return on equity of 14.67%. During the same period in the previous year, the business earned $0.66 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.91 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 2.58%. This is a boost from Mondelez International's previous quarterly dividend of $0.35. The ex-dividend date is Thursday, September 29th. Mondelez International's dividend payout ratio (DPR) is currently 50.91%.
Analyst Ratings Changes
A number of research analysts have recently commented on MDLZ shares. 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. Cowen started coverage on Mondelez International in a report on Wednesday, September 14th. They issued an "outperform" rating and a $71.00 price target for the company. Cowen assumed coverage on Mondelez International in a report on Wednesday, September 14th. They set an "outperform" rating and a $71.00 price objective on the stock. StockNews.com upgraded Mondelez International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 24th. Finally, UBS Group lowered their price target on shares of Mondelez International to $73.00 in a report on Friday, July 22nd. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average 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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