Mondelez International, Inc. $MDLZ Shares Acquired by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,321 shares of the company’s stock after purchasing an additional 237 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Mondelez International were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC acquired a new position in Mondelez International during the 1st quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. boosted its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock valued at $201,549,000 after acquiring an additional 1,775,570 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Mondelez International by 659.9% in the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock valued at $101,988,000 after acquiring an additional 1,305,332 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $62.81 on Tuesday. The company’s fifty day moving average price is $62.25 and its 200 day moving average price is $65.21. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.82. The company has a market capitalization of $81.27 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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 firm had revenue of $7.30 billion for the quarter. On average, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Evercore ISI dropped their price objective 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. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.84.

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.