Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Increased by Wallace Capital Management Inc.

Wallace Capital Management Inc. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 37,004 shares of the company’s stock after buying an additional 762 shares during the quarter. Mondelez International makes up about 0.3% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. Wallace Capital Management Inc.’s holdings in Mondelez International were worth $2,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cadence Bank lifted its position in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC lifted its position in Mondelez International by 2.6% in 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 during the last quarter. Sachetta LLC lifted 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 raised its position in shares of Mondelez International by 2.4% during the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after buying an additional 150 shares in the last quarter. Finally, Searle & CO. raised its position in shares of 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. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $74.20 on Monday. The business’s 50-day moving average is $71.47 and its 200-day moving average is $69.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company has a market capitalization of $99.53 billion, a price-to-earnings ratio of 23.56, a P/E/G 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.

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, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Bank of America dropped 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. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. DA Davidson dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein dropped their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.65.

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.