Steigerwald Gordon & Koch Inc. Makes New $206,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, Holdings Channel reports. The fund acquired 2,800 shares of the company’s stock, valued at approximately $206,000.

Several other large investors have also recently modified their holdings of MDLZ. Ables Iannone Moore & Associates Inc. purchased a new stake in Mondelez International during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International during the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ traded down $0.06 during mid-day trading on Thursday, reaching $70.99. 817,977 shares of the company traded hands, compared to its average volume of 6,820,931. The stock has a market capitalization of $95.22 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.02 and a beta of 0.54. 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 company’s fifty day moving average price is $72.27 and its 200-day moving average price is $69.55.

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 analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, 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 disclosed 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. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. Mondelez International’s payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of research analysts have issued reports on MDLZ shares. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Citigroup lifted their price objective on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler decreased their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $78.41.

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.