Perigon Wealth Management LLC reduced its position in Mondelez International Inc (NASDAQ:MDLZ) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,616 shares of the company’s stock after selling 187 shares during the period. Perigon Wealth Management LLC’s holdings in Mondelez International were worth $236,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of MDLZ. Marquette Asset Management LLC purchased a new position in Mondelez International in the 1st quarter valued at about $25,000. NewSquare Capital LLC raised its stake in shares of Mondelez International by 71.5% in the 1st quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock valued at $25,000 after purchasing an additional 211 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at about $25,000. Financial Management Professionals Inc. raised its stake in shares of Mondelez International by 249.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock valued at $25,000 after purchasing an additional 344 shares in the last quarter. Finally, Squar Milner Financial Services LLC raised its stake in shares of Mondelez International by 769.2% in the 1st quarter. Squar Milner Financial Services LLC now owns 565 shares of the company’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. 75.27% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on MDLZ. Deutsche Bank upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, July 16th. UBS Group upped their target price on shares of Mondelez International from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays restated a “buy” rating and issued a $62.00 target price on shares of Mondelez International in a research note on Thursday. Credit Suisse Group upped their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, BidaskClub upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday. Twenty analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $62.24.
Shares of NASDAQ:MDLZ opened at $55.49 on Friday. The firm’s 50 day moving average is $52.36 and its two-hundred day moving average is $52.80. Mondelez International Inc has a 52 week low of $41.19 and a 52 week high of $59.96. The firm has a market capitalization of $79.51 billion, a P/E ratio of 23.32, a PEG ratio of 3.21 and a beta of 0.61. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.92 billion. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Analysts predict that Mondelez International Inc will post 2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 2.27%. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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