Alpha Omega Wealth Management LLC Has $5.23 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Alpha Omega Wealth Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 79,892 shares of the company’s stock after selling 1,099 shares during the period. Mondelez International accounts for about 1.0% of Alpha Omega Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Alpha Omega Wealth Management LLC’s holdings in Mondelez International were worth $5,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new position in Mondelez International in the 4th quarter valued at $1,231,413,000. Vanguard Group Inc. increased 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 purchasing an additional 6,696,897 shares during the period. Capital Research Global Investors lifted its position in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. First Trust Advisors LP lifted its position in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 valued at $2,636,897,000 after purchasing an additional 1,686,229 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MDLZ shares. Bank of America dropped their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Evercore ISI dropped their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Sanford C. Bernstein decreased their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Up 0.2 %

Mondelez International stock traded up $0.16 during midday trading on Monday, reaching $71.39. The stock had a trading volume of 3,516,842 shares, compared to its average volume of 7,086,571. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. The firm’s fifty day simple moving average is $67.74 and its 200-day simple moving average is $69.26. The stock has a market capitalization of $95.76 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

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.