269,948 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 269,948 shares of the company’s stock, valued at approximately $19,061,000.

Other large investors also recently modified their holdings of the company. Cadence Bank boosted its holdings in shares of Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after acquiring an additional 148 shares during the period. Evermay Wealth Management LLC boosted its stake in Mondelez International by 2.6% in the 1st 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 period. Sachetta LLC grew its holdings in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after buying an additional 149 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in Mondelez International by 2.4% during 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 in the last quarter. Finally, Searle & CO. increased 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 valued at $862,000 after buying an additional 152 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ MDLZ opened at $72.28 on Thursday. The company has a 50-day moving average price of $71.87 and a 200-day moving average price of $69.58. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $96.95 billion, a P/E ratio of 22.95, a PEG ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.60%. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDLZ. Bank of America reduced their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus cut their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

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.