Brighton Jones LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Brighton Jones LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,665 shares of the company’s stock after buying an additional 297 shares during the quarter. Brighton Jones LLC’s holdings in Mondelez International were worth $567,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. CreativeOne Wealth LLC raised its holdings in Mondelez International by 4.8% during the 4th quarter. CreativeOne Wealth LLC now owns 4,714 shares of the company’s stock valued at $341,000 after buying an additional 215 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Mondelez International by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after acquiring an additional 27,379 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $907,000. TCW Group Inc. bought a new stake in shares of Mondelez International in the 4th quarter worth about $5,149,000. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Mondelez International by 4.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 79,339 shares of the company’s stock worth $5,848,000 after purchasing an additional 3,351 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

Mondelez International stock opened at $74.28 on Friday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The business has a fifty day moving average of $70.66 and a two-hundred day moving average of $69.45. The firm has a market cap of $99.64 billion, a P/E ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share 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 firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the prior year, the business posted $0.76 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share 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. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. This is a boost 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 2.53%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Stifel Nicolaus decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Evercore ISI reduced their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. 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 data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average 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.