Aviso Wealth Management Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Aviso Wealth Management raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 203.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,762 shares of the company’s stock after purchasing an additional 12,569 shares during the period. Aviso Wealth Management’s holdings in Mondelez International were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Financial Network Inc. ADV bought a new position in shares of Mondelez International in the 4th quarter valued at about $278,000. J. W. Coons Advisors LLC lifted its stake in Mondelez International by 7.6% in the fourth quarter. J. W. Coons Advisors LLC now owns 3,597 shares of the company’s stock worth $260,000 after acquiring an additional 253 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Mondelez International by 9.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 16,963 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,516 shares in the last quarter. Scotia Capital Inc. boosted its position in Mondelez International by 7.7% during the 4th quarter. Scotia Capital Inc. now owns 111,160 shares of the company’s stock valued at $8,051,000 after acquiring an additional 7,936 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Mondelez International by 1.2% during the fourth quarter. California State Teachers Retirement System now owns 2,221,056 shares of the company’s stock valued at $160,871,000 after purchasing an additional 26,569 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDLZ. Bank of America cut their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. TD Cowen dropped their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Piper Sandler cut their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, 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. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Price Performance

Mondelez International stock opened at $74.20 on Friday. The company has a fifty day simple moving average of $71.47 and a 200-day simple moving average of $69.54. The firm has a market capitalization of $99.12 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

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, beating 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 during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the prior year, the company earned $0.76 EPS. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate 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. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

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.