Stratos Wealth Partners LTD. lowered its position in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,899 shares of the company’s stock after selling 574 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Mondelez International were worth $1,069,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. BlackRock Inc. lifted its stake in Mondelez International by 2.2% in the first quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock valued at $4,792,956,000 after buying an additional 2,041,195 shares in the last quarter. State Street Corp lifted its stake in Mondelez International by 1.4% in the first quarter. State Street Corp now owns 68,246,977 shares of the company’s stock valued at $3,437,116,000 after buying an additional 961,864 shares in the last quarter. Capital International Investors lifted its stake in Mondelez International by 10.6% in the first quarter. Capital International Investors now owns 26,208,513 shares of the company’s stock valued at $1,312,522,000 after buying an additional 2,503,118 shares in the last quarter. Capital World Investors lifted its stake in Mondelez International by 9.1% in the first quarter. Capital World Investors now owns 22,190,345 shares of the company’s stock valued at $1,111,292,000 after buying an additional 1,857,800 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Mondelez International by 0.7% in the first quarter. Geode Capital Management LLC now owns 21,081,166 shares of the company’s stock valued at $1,053,559,000 after buying an additional 144,707 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.
A number of research analysts have weighed in on MDLZ shares. Barclays reaffirmed a “buy” rating and issued a $62.00 price target on shares of Mondelez International in a research note on Thursday. Berenberg Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $61.00 in a research report on Monday, June 15th. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Thursday. Twenty research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $62.24.
Shares of MDLZ opened at $55.49 on Friday. The company has a market cap of $79.51 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.21 and a beta of 0.61. Mondelez International Inc has a 1-year low of $41.19 and a 1-year high of $59.96. The company’s fifty day simple moving average is $52.36 and its 200 day simple moving average is $52.80. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts forecast that Mondelez International Inc will post 2.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.315 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, September 29th. Mondelez International’s payout ratio is currently 46.15%.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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