Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 5.6% during the second quarter, HoldingsChannel reports. The firm owned 4,893 shares of the company’s stock after purchasing an additional 258 shares during the quarter. AdvisorNet Financial Inc’s holdings in Mondelez International were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDLZ. Bivin & Associates Inc. acquired a new stake in Mondelez International in the fourth quarter valued at $25,000. Landmark Wealth Management LLC acquired a new stake in Mondelez International in the first quarter valued at $27,000. Bell Investment Advisors Inc raised its holdings in Mondelez International by 64.3% in the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares in the last quarter. Rather & Kittrell Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth $29,000. Finally, MCF Advisors LLC acquired a new stake in shares of Mondelez International during the first quarter worth $33,000. 76.41% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ opened at $60.38 on Tuesday. The firm has a 50-day moving average price of $62.77 and a 200 day moving average price of $62.74. The firm has a market capitalization of $82.75 billion, a PE ratio of 21.94, a P/E/G ratio of 3.00 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 52-week low of $57.63 and a 52-week high of $69.47.

Mondelez International (NASDAQ:MDLZGet Rating) last announced its earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $7.27 billion during the quarter, compared to analyst estimates of $6.81 billion. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.91 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 2.55%. This is an increase from Mondelez International’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, September 29th. Mondelez International’s dividend payout ratio is presently 50.91%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDLZ. Sanford C. Bernstein increased their target price on shares of Mondelez International to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. UBS Group dropped their target price on shares of Mondelez International to $73.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. Cowen began coverage on shares of Mondelez International in a report on Wednesday, September 14th. They set an “outperform” rating and a $71.00 target price on the stock. Finally, Piper Sandler lowered their price target on shares of Mondelez International to $72.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $72.85.

About Mondelez International

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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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