Kestra Private Wealth Services LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Kestra Private Wealth Services LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 29.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,026 shares of the company’s stock after purchasing an additional 5,285 shares during the period. Kestra Private Wealth Services LLC’s holdings in Mondelez International were worth $1,446,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDLZ. Covestor Ltd bought a new position in Mondelez International in the 4th quarter valued at $50,000. Advisor Resource Council bought a new stake in shares of Mondelez International during the 4th quarter worth $332,000. Mission Wealth Management LP lifted its holdings in shares of Mondelez International by 17.2% during the 4th quarter. Mission Wealth Management LP now owns 6,508 shares of the company’s stock worth $432,000 after acquiring an additional 954 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Mondelez International by 14.0% during the 4th quarter. Summit Trail Advisors LLC now owns 4,874 shares of the company’s stock worth $325,000 after acquiring an additional 599 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Mondelez International by 0.4% during the 4th quarter. Eagle Asset Management Inc. now owns 1,315,025 shares of the company’s stock worth $86,462,000 after acquiring an additional 5,718 shares during the last quarter. 76.41% of the stock is owned by institutional investors.

Mondelez International Price Performance

MDLZ stock opened at $60.30 on Friday. The firm’s 50-day moving average price is $62.82 and its two-hundred day moving average price is $62.80. Mondelez International, Inc. has a 12-month low of $57.63 and a 12-month high of $69.47. The stock has a market capitalization of $82.65 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 3.00 and a beta of 0.60. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. The company had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 2.91 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.54 annualized dividend and a dividend yield of 2.55%. This is a boost from Mondelez International’s previous quarterly dividend of $0.35. Mondelez International’s payout ratio is currently 50.91%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. Piper Sandler dropped their price objective on shares of Mondelez International to $72.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Sanford C. Bernstein lifted their target price on shares of Mondelez International to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Cowen initiated coverage on shares of Mondelez International in a research report on Wednesday. They issued an “outperform” rating and a $71.00 target price on the stock. Finally, Cowen initiated coverage on shares of Mondelez International in a research report on Wednesday. They issued an “outperform” rating and a $71.00 target price on the stock. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Buy” and an average target price of $72.85.

Mondelez International Company Profile

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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