LRI Investments LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

LRI Investments LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 310.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,934 shares of the company’s stock after purchasing an additional 6,000 shares during the period. LRI Investments LLC’s holdings in Mondelez International were worth $519,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Capital Research Global Investors increased its position in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Capital World Investors raised its holdings in Mondelez International by 2.2% during the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Norges Bank bought a new stake in Mondelez International in the fourth quarter worth $1,231,413,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. TD Cowen lowered their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $0.40 during mid-day trading on Friday, reaching $71.23. The stock had a trading volume of 4,586,583 shares, compared to its average volume of 7,108,463. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The firm has a market cap of $95.55 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.76 and a beta of 0.53. The business’s fifty day moving average is $67.64 and its 200-day moving average is $69.36.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.64%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

Mondelez International Company 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.