Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Dakota Wealth Management

Dakota Wealth Management raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,612 shares of the company’s stock after acquiring an additional 771 shares during the period. Dakota Wealth Management’s holdings in Mondelez International were worth $3,256,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MDLZ. Guyasuta Investment Advisors Inc. boosted its position in shares of Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares during the last quarter. Rossmore Private Capital boosted its holdings in Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after acquiring an additional 139 shares during the last quarter. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Essex Financial Services Inc. now owns 13,732 shares of the company’s stock valued at $995,000 after purchasing an additional 143 shares in the last quarter. Finally, Cadence Bank grew its holdings in shares of Mondelez International by 1.3% during the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

Shares of MDLZ stock traded up $0.28 during trading hours on Tuesday, hitting $71.17. 1,389,761 shares of the company were exchanged, compared to its average volume of 7,151,198. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $95.46 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The business’s 50-day simple moving average is $67.27 and its two-hundred day simple moving average is $69.41.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the business posted $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.64%. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MDLZ shares. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Piper Sandler lowered their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

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.