HHM Wealth Advisors LLC Acquires 1,237 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

HHM Wealth Advisors LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 309.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,637 shares of the company’s stock after acquiring an additional 1,237 shares during the period. HHM Wealth Advisors LLC’s holdings in Mondelez International were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter valued at $29,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at about $34,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Barclays reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. upped 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. Stifel Nicolaus cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Evercore ISI decreased their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Stock Down 1.0 %

Mondelez International stock opened at $74.35 on Thursday. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. 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 firm’s 50-day simple moving average is $69.39 and its 200 day simple moving average is $69.33. The stock has a market cap of $99.73 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its 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 firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s 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.