Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,523 shares of the company’s stock after purchasing an additional 2,023 shares during the period. EP Wealth Advisors LLC’s holdings in Mondelez International were worth $1,605,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International in the second quarter valued at $29,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.9 %

MDLZ opened at $72.99 on Wednesday. The stock has a market capitalization of $97.91 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. 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 business has a 50-day moving average of $71.75 and a two-hundred day moving average of $69.56.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during 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 for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MDLZ shares. Piper Sandler decreased their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Barclays reduced their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

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.