Mondelez International, Inc. (NASDAQ:MDLZ) Stake Boosted by BLB&B Advisors LLC

BLB&B Advisors LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,236 shares of the company’s stock after purchasing an additional 602 shares during the quarter. BLB&B Advisors LLC’s holdings in Mondelez International were worth $754,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MDLZ. RFG Advisory LLC lifted its stake in Mondelez International by 10.8% during the first quarter. RFG Advisory LLC now owns 4,992 shares of the company’s stock worth $349,000 after purchasing an additional 487 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth about $855,000. Riverview Trust Co bought a new stake in Mondelez International in the 1st quarter valued at about $44,000. Dynamic Advisor Solutions LLC boosted its stake in Mondelez International by 4.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 22,956 shares of the company’s stock valued at $1,607,000 after purchasing an additional 1,051 shares during the period. Finally, RMR Wealth Builders grew its position in Mondelez International by 3.8% in the 1st quarter. RMR Wealth Builders now owns 4,652 shares of the company’s stock worth $326,000 after purchasing an additional 170 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 1.3 %

NASDAQ MDLZ opened at $71.35 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company’s 50 day simple moving average is $72.57 and its 200 day simple moving average is $69.66. Mondelez International, Inc. has a 12 month low of $63.66 and a 12 month high of $77.20. The company has a market capitalization of $95.71 billion, a P/E ratio of 22.65, a PEG ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $8.45 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a $0.47 dividend. 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 2.63%. The ex-dividend date was Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDLZ. DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday. They set a “buy” rating and a $82.00 target price on the stock. JPMorgan Chase & Co. increased 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. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Piper Sandler decreased their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.06.

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.