Institute for Wealth Management LLC. Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Institute for Wealth Management LLC. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,128 shares of the company’s stock after purchasing an additional 171 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Mondelez International were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Bogart Wealth LLC lifted its stake in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the second quarter valued at approximately $27,000. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MDLZ. Evercore ISI dropped their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $71.23 on Monday. The business’s 50-day moving average price is $67.64 and its 200 day moving average price is $69.29. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm has a market cap of $95.55 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. On average, equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

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

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.