International Assets Investment Management LLC Grows Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

International Assets Investment Management LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,274 shares of the company’s stock after purchasing an additional 176 shares during the period. International Assets Investment Management LLC’s holdings in Mondelez International were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Bogart Wealth LLC raised its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the second quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $71.81 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The firm has a fifty day moving average of $68.15 and a 200-day moving average of $69.26. The company has a market cap of $96.32 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research reports. Stifel Nicolaus dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Bank of America cut their price target on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler reduced their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

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.