Nilsine Partners LLC Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Nilsine Partners LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,803 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Nilsine Partners LLC’s holdings in Mondelez International were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MDLZ. International Assets Investment Management LLC boosted its stake in Mondelez International by 10.4% during the fourth quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock worth $761,000 after buying an additional 987 shares during the period. Commonwealth Equity Services LLC boosted its stake in Mondelez International by 1.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 455,189 shares of the company’s stock worth $32,969,000 after buying an additional 6,691 shares during the period. Axxcess Wealth Management LLC boosted its stake in Mondelez International by 41.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 62,443 shares of the company’s stock worth $4,523,000 after buying an additional 18,235 shares during the period. Sapient Capital LLC purchased a new position in Mondelez International during the fourth quarter worth about $2,930,000. Finally, ARS Wealth Advisors Group LLC boosted its stake in Mondelez International by 11.8% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 4,164 shares of the company’s stock worth $302,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $1.08 during midday trading on Friday, hitting $71.81. 6,158,437 shares of the stock were exchanged, compared to its average volume of 5,564,104. The company has a 50 day moving average price of $68.15 and a 200-day moving average price of $69.24. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The stock has a market cap of $96.32 billion, a P/E ratio of 22.80, a PEG ratio of 2.90 and a beta of 0.53. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 3.5 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 is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.62%. Mondelez International’s payout ratio is 59.68%.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Stifel Nicolaus lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Piper Sandler reduced their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price target 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. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.