Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 293,460 shares of the company’s stock after buying an additional 35,108 shares during the quarter. Blair William & Co. IL’s holdings in Mondelez International were worth $19,204,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cadence Bank increased its stake in Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC grew its position in shares of Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after buying an additional 149 shares during the last quarter. Sachetta LLC raised its stake in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the period. Curbstone Financial Management Corp lifted its holdings in Mondelez International by 2.4% in the first quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after acquiring an additional 150 shares during the last quarter. Finally, Searle & CO. boosted its stake in Mondelez International by 1.2% in the first quarter. Searle & CO. now owns 12,319 shares of the company’s stock valued at $862,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MDLZ shares. 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 report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Sanford C. Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $74.78 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $70.48 and its 200 day moving average price is $69.44. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm has a market cap of $100.31 billion, a P/E ratio of 23.74, a PEG ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share 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 issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.51%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

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.