Wright Investors Service Inc. Acquires 8,150 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wright Investors Service Inc. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 57.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,316 shares of the company’s stock after purchasing an additional 8,150 shares during the period. Wright Investors Service Inc.’s holdings in Mondelez International were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Cullen Investment Group LTD. lifted its stake in Mondelez International by 2.1% in the third quarter. Cullen Investment Group LTD. now owns 18,324 shares of the company’s stock valued at $1,350,000 after acquiring an additional 381 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Mondelez International by 5.5% during the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after buying an additional 160 shares during the last quarter. Thrive Wealth Management LLC lifted its stake in shares of Mondelez International by 5.4% during the 3rd quarter. Thrive Wealth Management LLC now owns 4,622 shares of the company’s stock worth $340,000 after buying an additional 235 shares during the last quarter. MRA Advisory Group lifted its stake in shares of Mondelez International by 7.7% during the 3rd quarter. MRA Advisory Group now owns 5,566 shares of the company’s stock worth $410,000 after buying an additional 400 shares during the last quarter. Finally, Apella Capital LLC lifted its stake in shares of Mondelez International by 8.3% during the 3rd quarter. Apella Capital LLC now owns 3,455 shares of the company’s stock worth $250,000 after buying an additional 265 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.35 during midday trading on Friday, hitting $71.51. 4,379,169 shares of the company traded hands, compared to its average volume of 6,891,803. The stock has a market cap of $95.92 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm’s fifty day moving average price is $72.07 and its 200-day moving average price is $69.57. 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, beating the consensus estimate of $0.79 by $0.07. The company 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 firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. As a group, sell-side analysts forecast 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. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Mondelez International’s payout ratio is 59.68%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MDLZ. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Stifel Nicolaus cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Bank of America cut their target price 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. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Sanford C. Bernstein lowered 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’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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.