Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Alpha Family Trust

Alpha Family Trust increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,870 shares of the company’s stock after acquiring an additional 1,585 shares during the period. Alpha Family Trust’s holdings in Mondelez International were worth $711,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. increased its holdings in Mondelez International by 8.8% during the 2nd quarter. Edgestream Partners L.P. now owns 41,878 shares of the company’s stock worth $2,740,000 after purchasing an additional 3,373 shares during the period. Excalibur Management Corp increased its holdings in Mondelez International by 13.0% during the 2nd quarter. Excalibur Management Corp now owns 6,531 shares of the company’s stock worth $427,000 after purchasing an additional 752 shares during the period. Luts & Greenleigh Group Inc. purchased a new stake in Mondelez International during the 2nd quarter worth about $687,000. Wulff Hansen & CO. increased its holdings in Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $75.53 on Tuesday. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a market capitalization of $101.31 billion, a P/E ratio of 23.98, a PEG ratio of 3.01 and a beta of 0.54. The business has a 50 day moving average price of $69.91 and a 200 day moving average price of $69.34. 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 released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the business posted $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts expect that Mondelez International, Inc. will post 3.49 EPS 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 given a dividend of $0.47 per share. This is an increase 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 annualized dividend and a yield of 2.49%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International 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.