Douglas Lane & Associates LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 2.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,934 shares of the company's stock after purchasing an additional 289 shares during the period. Douglas Lane & Associates LLC's holdings in Mondelez International were worth $741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Veriti Management LLC grew its position in shares of Mondelez International by 6.8% in the second quarter. Veriti Management LLC now owns 35,281 shares of the company's stock valued at $2,191,000 after purchasing an additional 2,258 shares in the last quarter. Western Wealth Management LLC increased its stake in shares of Mondelez International by 2.1% in the 2nd quarter. Western Wealth Management LLC now owns 10,725 shares of the company's stock worth $666,000 after acquiring an additional 225 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Mondelez International by 5.6% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 39,223 shares of the company's stock worth $2,435,000 after acquiring an additional 2,071 shares during the last quarter. ARS Investment Partners LLC raised its holdings in shares of Mondelez International by 1.2% during the 2nd quarter. ARS Investment Partners LLC now owns 15,636 shares of the company's stock worth $971,000 after acquiring an additional 181 shares during the period. Finally, Destiny Wealth Partners LLC grew its holdings in shares of Mondelez International by 20,361.1% in the second quarter. Destiny Wealth Partners LLC now owns 3,683 shares of the company's stock valued at $229,000 after purchasing an additional 3,665 shares during the period. 76.41% of the stock is currently owned by institutional investors and hedge funds.
Get Mondelez International alerts:Analyst Upgrades and Downgrades
A number of equities analysts have commented on MDLZ shares. UBS Group reduced their target price on shares of Mondelez International to $73.00 in a research note on Friday, July 22nd. Piper Sandler cut their target price on Mondelez International to $72.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. StockNews.com raised shares of Mondelez International from a "hold" rating to a "buy" rating in a research report on Wednesday, August 24th. Finally, Sanford C. Bernstein lifted 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. Thirteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mondelez International has a consensus rating of "Buy" and a consensus price target of $72.85.
Mondelez International Stock Down 1.4 %
Mondelez International stock opened at $58.95 on Monday. The firm has a market capitalization of $80.79 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.94 and a beta of 0.60. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a twelve month low of $57.63 and a twelve month high of $69.47. The stock's fifty day simple moving average is $62.58 and its 200-day simple moving average is $62.67.Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $6.81 billion. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 2.91 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.385 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.54 dividend on an annualized basis and a yield of 2.61%. This is an increase from Mondelez International's previous quarterly dividend of $0.35. Mondelez International's payout ratio is currently 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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