Fairfield Financial Advisors LTD Invests $46,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Fairfield Financial Advisors LTD acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 700 shares of the company’s stock, valued at approximately $46,000.

Several other hedge funds have also made changes to their positions in MDLZ. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International in the 2nd quarter valued at $29,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $34,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Piper Sandler lowered their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. TD Cowen decreased their price target 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Stock Up 1.2 %

NASDAQ:MDLZ opened at $75.26 on Monday. The company has a market cap of $100.95 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 3.01 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock’s fifty day moving average price is $69.72 and its two-hundred day moving average price is $69.33. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (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 analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. 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 dividend yield of 2.50%. Mondelez International’s payout ratio is currently 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.