Capital Wealth Planning LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Wealth Planning LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,550 shares of the company’s stock after acquiring an additional 600 shares during the period. Capital Wealth Planning LLC’s holdings in Mondelez International were worth $625,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International in the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $34,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen dropped their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Piper Sandler dropped their price target 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. Wells Fargo & Company dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Evercore ISI dropped their price target on 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 research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Trading Up 1.2 %

MDLZ opened at $75.26 on Monday. The stock’s fifty day moving average is $69.72 and its two-hundred day moving average is $69.33. The company has a market capitalization of $100.95 billion, a P/E ratio of 23.89, a PEG ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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 analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the business posted $0.76 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

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