Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 56.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,910 shares of the company’s stock after purchasing an additional 18,834 shares during the quarter. Summit Trail Advisors LLC’s holdings in Mondelez International were worth $3,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Cadence Bank raised its stake in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after acquiring an additional 148 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after purchasing an additional 149 shares in the last quarter. Sachetta LLC raised its position in Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the last quarter. Curbstone Financial Management Corp increased its position in Mondelez International by 2.4% in the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock valued at $456,000 after acquiring an additional 150 shares in the last quarter. Finally, Searle & CO. lifted its position in shares of Mondelez International by 1.2% during the first quarter. Searle & CO. now owns 12,319 shares of the company’s stock worth $862,000 after purchasing an additional 152 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on MDLZ shares. Barclays cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Sanford C. Bernstein decreased their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America cut their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, TD Cowen dropped their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $74.28 on Friday. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The stock has a market capitalization of $99.64 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. 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 50 day moving average price of $70.66 and a 200 day moving average price of $69.46.

Mondelez International (NASDAQ:MDLZ) last released 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 company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the previous year, the business earned $0.76 EPS. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio 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.