Thrivent Financial for Lutherans Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Thrivent Financial for Lutherans grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 91.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 174,467 shares of the company’s stock after acquiring an additional 83,280 shares during the period. Thrivent Financial for Lutherans’ holdings in Mondelez International were worth $11,416,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC grew its holdings in Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Mondelez International during the 1st quarter valued at $1,686,000. Schroder Investment Management Group grew its holdings in Mondelez International by 35.1% during the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after purchasing an additional 168,639 shares in the last quarter. Alaska Permanent Fund Corp grew its holdings in Mondelez International by 76.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after purchasing an additional 27,370 shares in the last quarter. Finally, GLOBALT Investments LLC GA acquired a new stake in Mondelez International during the 4th quarter valued at $5,290,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI decreased their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Piper Sandler decreased their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Bank of America decreased their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. DA Davidson decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a 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 data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Mondelez International Trading Down 0.1 %

Shares of NASDAQ:MDLZ opened at $74.06 on Thursday. The company has a market cap of $98.93 billion, a PE ratio of 23.52, a P/E/G ratio of 3.02 and a beta of 0.54. The company’s 50-day moving average price is $71.03 and its 200 day moving average price is $69.48. 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 quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the firm earned $0.76 EPS. Mondelez International’s revenue was down 1.9% on a year-over-year basis. Sell-side 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is 53.97%.

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.