Carolinas Wealth Consulting LLC Buys 11,392 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Carolinas Wealth Consulting LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 253.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,892 shares of the company’s stock after purchasing an additional 11,392 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Mondelez International were worth $1,040,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. Capital World Investors lifted its stake in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after purchasing an additional 463,738 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI dropped their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Wells Fargo & Company 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 research report on Tuesday, June 4th. Finally, TD Cowen reduced their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $75.05 on Thursday. The company has a market cap of $100.67 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a fifty day moving average price of $70.29 and a 200-day moving average price of $69.40.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given 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 of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. Mondelez International’s dividend payout ratio (DPR) is currently 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.