Prospector Partners LLC Buys 1,779 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Prospector Partners LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,670 shares of the company’s stock after acquiring an additional 1,779 shares during the period. Mondelez International makes up about 1.7% of Prospector Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Prospector Partners LLC’s holdings in Mondelez International were worth $14,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC increased its holdings in Mondelez International by 56.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 51,910 shares of the company’s stock worth $3,419,000 after purchasing an additional 18,834 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Mondelez International by 91.3% during the second quarter. Thrivent Financial for Lutherans now owns 174,467 shares of the company’s stock worth $11,416,000 after buying an additional 83,280 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Mondelez International by 14.1% during the second quarter. Pacer Advisors Inc. now owns 229,557 shares of the company’s stock worth $15,022,000 after buying an additional 28,287 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Mondelez International by 50.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 217,930 shares of the company’s stock worth $14,258,000 after buying an additional 73,400 shares in the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of Mondelez International by 7.3% during the second quarter. AE Wealth Management LLC now owns 40,074 shares of the company’s stock worth $2,623,000 after buying an additional 2,718 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDLZ. Bank of America decreased their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Stifel Nicolaus decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Trading Down 0.7 %

MDLZ stock opened at $74.28 on Friday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The stock has a market cap of $99.64 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company has a fifty day moving average price of $70.66 and a two-hundred day moving average price of $69.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last announced its 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 business had revenue of $8.34 billion during the quarter, compared to the consensus estimate 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 was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. 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 annualized dividend and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio is presently 59.68%.

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.