National Bank of Canada FI Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

National Bank of Canada FI raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 53.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,114,084 shares of the company’s stock after purchasing an additional 388,749 shares during the quarter. National Bank of Canada FI owned 0.08% of Mondelez International worth $72,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp lifted its position in shares of Mondelez International by 0.7% during the second quarter. SouthState Corp now owns 173,645 shares of the company’s stock worth $11,363,000 after purchasing an additional 1,262 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in Mondelez International by 17.5% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 22,308 shares of the company’s stock worth $1,460,000 after buying an additional 3,328 shares during the period. Journey Advisory Group LLC increased its stake in Mondelez International by 6.1% in the 2nd quarter. Journey Advisory Group LLC now owns 41,965 shares of the company’s stock worth $2,746,000 after buying an additional 2,408 shares during the period. TD Asset Management Inc lifted its holdings in Mondelez International by 2.5% during the 2nd quarter. TD Asset Management Inc now owns 1,051,238 shares of the company’s stock valued at $68,793,000 after buying an additional 25,478 shares in the last quarter. Finally, FineMark National Bank & Trust boosted its position in Mondelez International by 28.4% in the 2nd quarter. FineMark National Bank & Trust now owns 50,661 shares of the company’s stock valued at $3,315,000 after buying an additional 11,202 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein dropped their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America cut their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Stock Down 0.3 %

Shares of MDLZ stock opened at $75.07 on Friday. The stock’s fifty day moving average price is $68.65 and its 200 day moving average price is $69.31. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a market cap of $100.70 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion for 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 company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. 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%. Mondelez International’s dividend payout ratio is presently 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.