Middleton & Co. Inc. MA Acquires 1,377 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Middleton & Co. Inc. MA raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,568 shares of the company’s stock after acquiring an additional 1,377 shares during the period. Middleton & Co. Inc. MA’s holdings in Mondelez International were worth $9,398,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the second quarter valued at $29,000. ESL Trust Services LLC bought a new stake in Mondelez International in the first quarter worth approximately $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International during the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $69.23 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $92.86 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. The firm’s 50-day moving average price is $72.55 and its two-hundred day moving average price is $69.67. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.72%. Mondelez International’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Piper Sandler decreased their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.35.

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.