Modera Wealth Management LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Modera Wealth Management LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 141.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,777 shares of the company’s stock after purchasing an additional 29,775 shares during the quarter. Modera Wealth Management LLC’s holdings in Mondelez International were worth $3,323,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SageView Advisory Group LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $907,000. AGF Management Ltd. lifted its holdings in shares of Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after acquiring an additional 429,936 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Mondelez International during the 1st quarter valued at $1,686,000. Finally, Schroder Investment Management Group raised its position in Mondelez International by 35.1% in 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. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 1.5 %

MDLZ stock traded up $1.08 during trading on Friday, reaching $71.81. The company had a trading volume of 6,158,240 shares, compared to its average volume of 7,032,253. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The business has a 50 day moving average of $68.04 and a 200 day moving average of $69.27. The company has a market cap of $96.32 billion, a P/E ratio of 22.80, a PEG ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced 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. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Sanford C. Bernstein dropped their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. 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 report on Wednesday, July 31st. Wells Fargo & Company lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.