SeaCrest Wealth Management LLC Buys 156 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

SeaCrest Wealth Management LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,130 shares of the company’s stock after acquiring an additional 156 shares during the period. SeaCrest Wealth Management LLC’s holdings in Mondelez International were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the 2nd quarter worth about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the 2nd quarter valued at $29,000. ESL Trust Services LLC purchased a new stake in Mondelez International in the first quarter worth $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International during the first quarter worth $44,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $71.91 on Thursday. Mondelez International, Inc. has a twelve month low of $62.42 and a twelve month high of $77.20. The company has a 50 day moving average of $72.48 and a two-hundred day moving average of $69.58. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $96.46 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share 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 business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler dropped their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.65.

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.