BKM Wealth Management LLC Purchases 2,547 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

BKM Wealth Management LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,209 shares of the company’s stock after purchasing an additional 2,547 shares during the quarter. BKM Wealth Management LLC’s holdings in Mondelez International were worth $899,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDLZ. Axiom Advisory LLC lifted its position in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after buying an additional 143 shares during the last quarter. Cadence Bank increased its position in shares of Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares in the last quarter. Evermay Wealth Management LLC increased its position in shares of Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares in the last quarter. Sachetta LLC boosted its position in shares of Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares in the last quarter. Finally, Carnegie Investment Counsel grew its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $69.23 on Friday. 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 company’s fifty day moving average price is $72.55 and its 200 day moving average price is $69.67. The stock has a market capitalization of $92.86 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during 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 quarter in the previous year, the company earned $0.76 earnings per share. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analyst Ratings Changes

A number of equities research analysts have commented on MDLZ shares. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday. They issued a “buy” rating and a $82.00 price target for the company. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Sanford C. Bernstein dropped their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Piper Sandler reduced their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.35.

Mondelez International Profile

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.