Stillwater Capital Advisors LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 0.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 206,741 shares of the company's stock after buying an additional 1,171 shares during the period. Mondelez International makes up 2.4% of Stillwater Capital Advisors LLC's investment portfolio, making the stock its 18th largest position. Stillwater Capital Advisors LLC's holdings in Mondelez International were worth $12,837,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Level Four Advisory Services LLC increased its stake in shares of Mondelez International by 9.9% in the fourth quarter. Level Four Advisory Services LLC now owns 6,552 shares of the company's stock worth $434,000 after acquiring an additional 589 shares during the period. Alberta Investment Management Corp increased its stake in shares of Mondelez International by 67.9% in the fourth quarter. Alberta Investment Management Corp now owns 166,202 shares of the company's stock worth $11,021,000 after acquiring an additional 67,202 shares during the period. Schroder Investment Management Group increased its stake in shares of Mondelez International by 445.0% in the fourth quarter. Schroder Investment Management Group now owns 528,409 shares of the company's stock worth $35,039,000 after acquiring an additional 431,462 shares during the period. Siemens Fonds Invest GmbH increased its stake in shares of Mondelez International by 7.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 60,110 shares of the company's stock worth $3,952,000 after acquiring an additional 3,930 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Mondelez International by 62,206.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 56,076 shares of the company's stock worth $3,718,000 after acquiring an additional 55,986 shares during the period. Hedge funds and other institutional investors own 76.41% of the company's stock.
Get Mondelez International alerts:Mondelez International Price Performance
Shares of NASDAQ MDLZ traded down $0.01 during trading on Wednesday, hitting $59.74. The company had a trading volume of 777,580 shares, compared to its average volume of 6,669,330. The stock has a fifty day simple moving average of $62.68 and a two-hundred day simple moving average of $62.70. Mondelez International, Inc. has a fifty-two week low of $57.63 and a fifty-two week high of $69.47. The firm has a market capitalization of $81.88 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 3.01 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.65.
Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The business 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 quarter last year, the business earned $0.66 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 2.91 earnings per share for the current year.Mondelez International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.385 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 29th. Mondelez International's dividend payout ratio (DPR) is currently 50.91%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Mondelez International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 24th. 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 price objective on the stock. Sanford C. Bernstein raised their price target on shares of Mondelez International to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. 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 report on Wednesday, July 27th. Finally, Cowen initiated coverage on shares of Mondelez International in a research report on Wednesday, September 14th. They set an "outperform" rating and a $71.00 price target on the stock. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $72.85.
About Mondelez International
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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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