Confluence Investment Management LLC Has $138.93 Million Holdings in Mondelez International, Inc. $MDLZ

Confluence Investment Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 324.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,223,914 shares of the company’s stock after acquiring an additional 1,699,980 shares during the period. Mondelez International comprises 2.0% of Confluence Investment Management LLC’s holdings, making the stock its 14th biggest holding. Confluence Investment Management LLC owned approximately 0.17% of Mondelez International worth $138,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. HBK Sorce Advisory LLC grew its holdings in shares of Mondelez International by 1.2% during the 3rd quarter. HBK Sorce Advisory LLC now owns 27,803 shares of the company’s stock valued at $1,714,000 after purchasing an additional 334 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its position in Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Mondelez International by 4.6% during the third quarter. Exchange Traded Concepts LLC now owns 215,940 shares of the company’s stock worth $13,490,000 after buying an additional 9,583 shares during the last quarter. Bridge Creek Capital Management LLC grew its stake in shares of Mondelez International by 49.4% during the third quarter. Bridge Creek Capital Management LLC now owns 7,648 shares of the company’s stock worth $478,000 after buying an additional 2,530 shares during the last quarter. Finally, Perennial Advisors LLC increased its holdings in shares of Mondelez International by 1.1% during the third quarter. Perennial Advisors LLC now owns 72,940 shares of the company’s stock worth $4,557,000 after buying an additional 816 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $54.31 on Tuesday. The business has a 50-day moving average of $57.14 and a 200-day moving average of $62.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The company has a market capitalization of $70.08 billion, a price-to-earnings ratio of 20.34 and a beta of 0.39. Mondelez International, Inc. has a 1 year low of $53.13 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $7.30 billion during the quarter. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio is 74.91%.

Analysts Set New Price Targets

Several research firms recently weighed in on MDLZ. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Thursday, October 2nd. Piper Sandler cut their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Zacks Research cut Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $67.58.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.