NewEdge Advisors LLC Purchases 52,768 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

NewEdge Advisors LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.8% during the second quarter, Holdings Channel reports. The institutional investor owned 590,009 shares of the company’s stock after buying an additional 52,768 shares during the quarter. NewEdge Advisors LLC’s holdings in Mondelez International were worth $38,610,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $34,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Piper Sandler lowered their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Bank of America dropped their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. raised their target price on 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 target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Stock Down 0.2 %

MDLZ opened at $74.20 on Friday. The company has a fifty day moving average of $71.47 and a two-hundred day moving average of $69.54. The stock has a market capitalization of $99.53 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.02 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.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, 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 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 is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) 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.