IFG Advisory LLC Purchases Shares of 3,064 Mondelez International, Inc. (NASDAQ:MDLZ)

IFG Advisory LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,064 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Mondelez International by 10.4% during the fourth quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after acquiring an additional 987 shares during the period. Avidian Wealth Solutions LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $260,000. TCI Wealth Advisors Inc. grew its holdings in Mondelez International by 22.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 4,239 shares of the company’s stock valued at $307,000 after buying an additional 774 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in Mondelez International in the 4th quarter worth approximately $116,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Mondelez International by 46.1% during the fourth quarter. Private Advisor Group LLC now owns 55,225 shares of the company’s stock worth $4,000,000 after buying an additional 17,424 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Evercore ISI reduced their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Stifel Nicolaus decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Up 1.5 %

Shares of MDLZ stock opened at $71.81 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $96.32 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.90 and a beta of 0.53. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The firm has a 50-day moving average price of $68.22 and a 200 day moving average price of $69.23.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS 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 business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the business earned $0.76 EPS. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. Research analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share 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. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.62%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Mondelez International 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.