MBB Public Markets I LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

MBB Public Markets I LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 910.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,926 shares of the company’s stock after acquiring an additional 87,335 shares during the quarter. MBB Public Markets I LLC’s holdings in Mondelez International were worth $6,343,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MDLZ. Focus Financial Network Inc. ADV purchased a new position in shares of Mondelez International in the 4th quarter worth approximately $278,000. J. W. Coons Advisors LLC increased its position in shares of Mondelez International by 7.6% during the fourth quarter. J. W. Coons Advisors LLC now owns 3,597 shares of the company’s stock worth $260,000 after purchasing an additional 253 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of Mondelez International by 25.2% during the 4th quarter. Avestar Capital LLC now owns 5,445 shares of the company’s stock valued at $397,000 after purchasing an additional 1,095 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Mondelez International by 9.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 16,963 shares of the company’s stock worth $1,229,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in Mondelez International by 7.7% during the 4th quarter. Scotia Capital Inc. now owns 111,160 shares of the company’s stock worth $8,051,000 after buying an additional 7,936 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MDLZ shares. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Stifel Nicolaus cut 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 note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price objective 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. Finally, Sanford C. Bernstein cut their target price on 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 analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Down 0.2 %

Shares of MDLZ stock opened at $74.20 on Friday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The stock has a market cap of $99.12 billion, a P/E 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 of $71.47 and a 200 day moving average of $69.55. 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 (NASDAQ:MDLZ) last posted its earnings results 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. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

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.