Kimelman & Baird LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Kimelman & Baird LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,521 shares of the company’s stock, valued at approximately $1,539,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cadence Bank grew its stake in shares of Mondelez International by 1.3% during the 1st 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 boosted its holdings in Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after purchasing an additional 149 shares during the last quarter. Sachetta LLC grew its position in Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares in the last quarter. Curbstone Financial Management Corp increased its stake 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 buying an additional 150 shares during the last quarter. Finally, Searle & CO. lifted its position in Mondelez International by 1.2% during the 1st quarter. Searle & CO. now owns 12,319 shares of the company’s stock worth $862,000 after buying an additional 152 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Sanford C. Bernstein reduced their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler dropped their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $78.65.

Mondelez International Price Performance

Mondelez International stock opened at $74.20 on Monday. The company has a market capitalization of $99.53 billion, a PE ratio of 23.56, a P/E/G ratio of 3.02 and a beta of 0.54. The stock has a 50-day moving average price of $71.47 and a two-hundred day moving average price of $69.53. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for 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%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

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