Cahaba Wealth Management Inc. Purchases Shares of 2,858 Mondelez International, Inc. (NASDAQ:MDLZ)

Cahaba Wealth Management Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,858 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also recently bought and sold shares of MDLZ. First Bancorp Inc ME bought a new position in shares of Mondelez International during the third quarter worth approximately $201,000. Commonwealth Equity Services LLC increased its holdings in shares of Mondelez International by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 453,653 shares of the company’s stock worth $33,421,000 after purchasing an additional 9,353 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Mondelez International during the third quarter worth approximately $516,000. Raymond James & Associates increased its holdings in shares of Mondelez International by 3.8% during the third quarter. Raymond James & Associates now owns 3,408,242 shares of the company’s stock worth $251,085,000 after purchasing an additional 125,682 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Mondelez International by 0.4% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 167,438 shares of the company’s stock worth $12,414,000 after purchasing an additional 591 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.88.

Mondelez International Price Performance

Mondelez International stock traded up $0.46 during midday trading on Friday, reaching $71.58. 7,373,977 shares of the stock were exchanged, compared to its average volume of 6,796,242. The company’s fifty day moving average is $72.53 and its 200-day moving average is $69.61. 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 has a market cap of $96.01 billion, a PE ratio of 22.72, a PEG ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $63.66 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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 business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

About Mondelez International

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.