Cambridge Investment Research Advisors Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,392 shares of the company's stock after purchasing an additional 6,682 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Mondelez International were worth $7,537,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Alpha Paradigm Partners LLC boosted its stake in shares of Mondelez International by 197.9% during the 4th quarter. Alpha Paradigm Partners LLC now owns 2,419 shares of the company's stock worth $160,000 after acquiring an additional 1,607 shares in the last quarter. Stack Financial Management Inc boosted its stake in shares of Mondelez International by 0.8% during the 1st quarter. Stack Financial Management Inc now owns 346,226 shares of the company's stock worth $21,736,000 after acquiring an additional 2,803 shares in the last quarter. Capital International Sarl boosted its stake in shares of Mondelez International by 4.8% during the 1st quarter. Capital International Sarl now owns 83,425 shares of the company's stock worth $5,237,000 after acquiring an additional 3,809 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Mondelez International by 5.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 5,010 shares of the company's stock worth $305,000 after acquiring an additional 248 shares in the last quarter. Finally, Resources Investment Advisors LLC. boosted its stake in shares of Mondelez International by 115.2% during the 4th quarter. Resources Investment Advisors LLC. now owns 8,789 shares of the company's stock worth $583,000 after acquiring an additional 4,705 shares in the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.
Get Mondelez International alerts:Mondelez International Trading Down 1.4 %
Shares of MDLZ opened at $58.95 on Friday. Mondelez International, Inc. has a 1 year low of $57.63 and a 1 year high of $69.47. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $62.58 and a 200-day simple moving average of $62.65. The stock has a market cap of $80.79 billion, a PE ratio of 21.44, a PEG ratio of 2.98 and a beta of 0.60.
Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. The business had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $6.81 billion. During the same period in the prior year, the firm posted $0.66 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.91 EPS for the current fiscal year.Mondelez International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.385 dividend. The ex-dividend date is Thursday, September 29th. This is a boost from Mondelez International's previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.61%. Mondelez International's dividend payout ratio is presently 50.91%.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. UBS Group decreased their price target on Mondelez International to $73.00 in a research note on Friday, July 22nd. Cowen assumed coverage on Mondelez International in a research note on Wednesday, September 14th. They set an "outperform" rating and a $71.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. Sanford C. Bernstein increased their target price on Mondelez International to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Finally, Cowen assumed coverage on Mondelez International in a research note on Wednesday, September 14th. They set an "outperform" rating and a $71.00 target price for the company. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Mondelez International currently has a consensus rating of "Buy" and an average 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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