Financial Connections Group Inc. Takes Position in Mondelez International, Inc. $MDLZ

Financial Connections Group Inc. acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 500 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its position in Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after acquiring an additional 1,013 shares during the last quarter. Canopy Partners LLC grew its position in Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after acquiring an additional 2,876 shares during the last quarter. TCW Group Inc. grew its position in Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after acquiring an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after acquiring an additional 4,002 shares during the last quarter. Finally, CORDA Investment Management LLC. grew its position in Mondelez International by 1.5% during the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after acquiring an additional 8,456 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.7%

Shares of Mondelez International stock opened at $61.45 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock’s 50-day moving average is $62.28 and its 200 day moving average is $65.45. The firm has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $7.30 billion for the quarter. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is currently 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Evercore ISI reduced their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, UBS Group reduced their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $71.55.

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.