Cullen Investment Group LTD. Has $1.35 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Cullen Investment Group LTD. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,324 shares of the company’s stock after acquiring an additional 381 shares during the period. Cullen Investment Group LTD.’s holdings in Mondelez International were worth $1,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC grew its holdings in shares of Mondelez International by 5.5% during the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after purchasing an additional 160 shares in the last quarter. Thrive Wealth Management LLC grew its holdings in shares of Mondelez International by 5.4% during the 3rd quarter. Thrive Wealth Management LLC now owns 4,622 shares of the company’s stock worth $340,000 after purchasing an additional 235 shares in the last quarter. MRA Advisory Group grew its holdings in shares of Mondelez International by 7.7% during the 3rd quarter. MRA Advisory Group now owns 5,566 shares of the company’s stock worth $410,000 after purchasing an additional 400 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Mondelez International by 8.3% during the 3rd quarter. Apella Capital LLC now owns 3,455 shares of the company’s stock worth $250,000 after purchasing an additional 265 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Mondelez International by 6.5% during the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after purchasing an additional 16,507 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.5 %

NASDAQ:MDLZ traded up $0.35 on Friday, reaching $71.51. The company’s stock had a trading volume of 4,379,169 shares, compared to its average volume of 6,891,803. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year 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 has a market cap of $95.92 billion, a PE ratio of 22.70, a PEG ratio of 3.02 and a beta of 0.54. The business’s 50-day moving average price is $72.07 and its two-hundred day moving average price is $69.59.

Mondelez International (NASDAQ:MDLZ) last posted its 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 firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Piper Sandler decreased their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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.