Mondelez International, Inc. $MDLZ Stock Position Lowered by BKM Wealth Management LLC

BKM Wealth Management LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,868 shares of the company’s stock after selling 1,178 shares during the quarter. BKM Wealth Management LLC’s holdings in Mondelez International were worth $800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares in the last quarter. North Capital Inc. purchased a new stake in Mondelez International in the 1st quarter worth approximately $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Mondelez International in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.4%

Mondelez International stock opened at $62.46 on Friday. The company has a market capitalization of $80.82 billion, a P/E ratio of 22.88, a P/E/G ratio of 5.58 and a beta of 0.45. The firm’s fifty day simple moving average is $62.22 and its 200-day simple moving average is $65.26. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.82.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $7.30 billion for the quarter. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. UBS Group cut their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley cut their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Finally, Evercore ISI cut their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Thirteen research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.84.

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.