Guidance Capital Inc. Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Guidance Capital Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,998 shares of the company’s stock after acquiring an additional 971 shares during the quarter. Guidance Capital Inc.’s holdings in Mondelez International were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Greenleaf Trust boosted its position in shares of Mondelez International by 0.8% in the 3rd quarter. Greenleaf Trust now owns 313,849 shares of the company’s stock worth $23,121,000 after purchasing an additional 2,377 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Mondelez International by 901.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 348,403 shares of the company’s stock worth $25,667,000 after acquiring an additional 313,601 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $250,000. Community Trust & Investment Co. lifted its holdings in shares of Mondelez International by 3.7% in the 3rd quarter. Community Trust & Investment Co. now owns 156,262 shares of the company’s stock valued at $11,512,000 after buying an additional 5,558 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Mondelez International by 9.8% in the 3rd quarter. Private Advisor Group LLC now owns 62,687 shares of the company’s stock valued at $4,618,000 after buying an additional 5,585 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MDLZ shares. Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday. They issued a “buy” rating and a $82.00 price target for the company. Finally, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Mondelez International Price Performance

Shares of MDLZ stock traded down $0.42 during trading hours on Wednesday, reaching $70.93. The company had a trading volume of 817,584 shares, compared to its average volume of 6,751,989. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a fifty day moving average of $72.57 and a 200-day moving average of $69.66. The company has a market capitalization of $95.14 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $64.16 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. Mondelez International’s dividend payout ratio is currently 59.68%.

Mondelez International Company Profile

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.