Royal Fund Management LLC Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Royal Fund Management LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 186.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,690 shares of the company’s stock after acquiring an additional 23,875 shares during the quarter. Royal Fund Management LLC’s holdings in Mondelez International were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management boosted its holdings in Mondelez International by 15.3% during the 3rd quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock worth $683,000 after acquiring an additional 1,230 shares during the last quarter. Country Trust Bank boosted its holdings in shares of Mondelez International by 108.6% in the 3rd quarter. Country Trust Bank now owns 2,401 shares of the company’s stock worth $177,000 after buying an additional 1,250 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Mondelez International by 47.9% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,898 shares of the company’s stock worth $655,000 after buying an additional 2,882 shares during the last quarter. Tealwood Asset Management Inc. boosted its holdings in shares of Mondelez International by 1.5% in the 3rd quarter. Tealwood Asset Management Inc. now owns 22,444 shares of the company’s stock worth $1,653,000 after buying an additional 326 shares during the last quarter. Finally, Axiom Advisory LLC boosted its holdings in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.04 on Wednesday, hitting $70.81. The stock had a trading volume of 383,209 shares, compared to its average volume of 6,831,090. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week 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 company has a market capitalization of $94.98 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The firm has a 50-day moving average of $72.22 and a 200-day moving average of $69.54.

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, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDLZ. Barclays reduced 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 Friday, July 19th. Piper Sandler decreased their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. DA Davidson lowered their target price 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. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.65.

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.