Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,855 shares of the company’s stock after buying an additional 1,376 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Mondelez International were worth $710,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new position in Mondelez International during the fourth quarter worth about $907,000. AGF Management Ltd. boosted its stake in shares of Mondelez International by 32.9% in the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after buying an additional 429,936 shares in the last quarter. Gotham Asset Management LLC grew its holdings in Mondelez International by 10.4% during the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after acquiring an additional 16,450 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Mondelez International during the 1st quarter worth $1,686,000. Finally, Schroder Investment Management Group grew its stake in shares of Mondelez International by 35.1% during the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after purchasing an additional 168,639 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4 %

NASDAQ MDLZ traded up $0.32 during trading hours on Tuesday, hitting $72.13. 1,048,398 shares of the company’s stock were exchanged, compared to its average volume of 6,996,423. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a market capitalization of $96.75 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53. The business’s 50 day moving average is $68.22 and its 200-day moving average is $69.23. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.61%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analysts Set New Price Targets

A number of analysts recently commented on MDLZ shares. Piper Sandler decreased their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI cut their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Finally, TD Cowen lowered their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.61.

About Mondelez International

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 and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.