Avidian Wealth Enterprises LLC Decreases Holdings in Mondelez International, Inc. $MDLZ

Avidian Wealth Enterprises LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,778 shares of the company’s stock after selling 1,087 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Mondelez International were worth $322,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Berenberg Bank lowered shares of 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. Morgan Stanley decreased 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. UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Twelve equities 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Price Performance

Mondelez International stock opened at $61.97 on Thursday. The company’s 50 day simple moving average is $62.25 and its 200-day simple moving average is $65.17. The company has a market capitalization of $80.19 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 5.53 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.32. 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 released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s payout ratio is presently 73.26%.

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.