7,324 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Alethea Capital Management LLC

Alethea Capital Management LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,324 shares of the company’s stock, valued at approximately $479,000. Mondelez International comprises about 0.4% of Alethea Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Bank of America dropped their price target on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen dropped 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. Finally, Barclays decreased 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 Friday, July 19th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Stock Down 0.2 %

NASDAQ MDLZ opened at $74.20 on Friday. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The stock has a market capitalization of $99.12 billion, a PE ratio of 23.56, a PEG ratio of 3.02 and a beta of 0.54. 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’s 50-day moving average is $71.47 and its 200 day moving average is $69.55.

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, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current 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 given a dividend of $0.47 per share. 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%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 53.97%.

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.