Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Boosted by MCF Advisors LLC

MCF Advisors LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,648 shares of the company’s stock after acquiring an additional 529 shares during the period. MCF Advisors LLC’s holdings in Mondelez International were worth $305,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter valued at $1,231,413,000. Vanguard Group Inc. boosted its stake in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares in the last quarter. Capital Research Global Investors grew its holdings in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after acquiring an additional 6,426,928 shares during the period. First Trust Advisors LP raised its position in Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after acquiring an additional 2,483,972 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Bank of America lowered their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Barclays dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Piper Sandler reduced their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Performance

Shares of MDLZ opened at $75.07 on Friday. The company has a market capitalization of $100.70 billion, a PE ratio of 23.83, a PEG ratio of 2.90 and a beta of 0.53. 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 company’s 50 day moving average price is $68.65 and its 200 day moving average price is $69.31. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the company posted $0.76 EPS. Mondelez International’s revenue was down 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 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.