Burney Co. Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Burney Co. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,358 shares of the company’s stock after acquiring an additional 4,481 shares during the period. Burney Co.’s holdings in Mondelez International were worth $3,753,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Whittier Trust Co. boosted its stake in shares of Mondelez International by 0.7% during the second quarter. Whittier Trust Co. now owns 297,601 shares of the company’s stock valued at $19,475,000 after acquiring an additional 1,996 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Mondelez International by 12.9% during the second quarter. HB Wealth Management LLC now owns 69,435 shares of the company’s stock valued at $4,544,000 after acquiring an additional 7,915 shares during the last quarter. Wright Investors Service Inc. boosted its stake in shares of Mondelez International by 164.0% during the second quarter. Wright Investors Service Inc. now owns 14,166 shares of the company’s stock valued at $927,000 after acquiring an additional 8,801 shares during the last quarter. Kintegral Advisory LLC boosted its stake in shares of Mondelez International by 4.2% during the second quarter. Kintegral Advisory LLC now owns 32,215 shares of the company’s stock valued at $2,122,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its stake in shares of Mondelez International by 1.0% during the second quarter. Lester Murray Antman dba SimplyRich now owns 14,727 shares of the company’s stock valued at $963,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.3 %

Shares of NASDAQ:MDLZ traded down $0.23 during mid-day trading on Thursday, hitting $71.02. 1,843,282 shares of the company traded hands, compared to its average volume of 7,015,813. The firm has a market cap of $95.26 billion, a P/E ratio of 22.62, a PEG ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm’s 50 day simple moving average is $67.85 and its 200 day simple moving average is $69.25.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.65%. Mondelez International’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Cowen decreased their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Barclays decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Wells Fargo & Company decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Finally, Evercore ISI reduced their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.