Cwm LLC Purchases 23,271 Shares of Mondelez International, Inc. $MDLZ

Cwm LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,518 shares of the company’s stock after purchasing an additional 23,271 shares during the quarter. Cwm LLC’s holdings in Mondelez International were worth $10,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Mondelez International during the second quarter worth $1,239,834,000. First Trust Advisors LP lifted its holdings in shares of Mondelez International by 197.9% during the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after acquiring an additional 2,701,229 shares during the period. Corient Private Wealth LLC boosted its position in shares of Mondelez International by 88.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock valued at $290,862,000 after acquiring an additional 2,020,135 shares in the last quarter. Confluence Investment Management LLC increased its stake in Mondelez International by 324.5% in the third quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after acquiring an additional 1,699,980 shares during the period. Finally, Invesco Ltd. increased its stake in Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after acquiring an additional 1,345,078 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.0%

Shares of MDLZ opened at $54.64 on Monday. The stock has a fifty day moving average price of $56.55 and a two-hundred day moving average price of $61.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The company has a market cap of $70.51 billion, a price-to-earnings ratio of 20.46 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s payout ratio is presently 74.91%.

Analyst Ratings Changes

A number of brokerages have commented on MDLZ. Mizuho cut their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. DA Davidson cut their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Sanford C. Bernstein dropped their price objective on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus cut their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.