Aviso Wealth Management Purchases 12,569 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Aviso Wealth Management boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 203.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,762 shares of the company’s stock after buying 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 SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Ascent Group LLC boosted its position in shares of Mondelez International by 1.0% during the 2nd quarter. Ascent Group LLC now owns 57,819 shares of the company’s stock valued at $3,784,000 after acquiring an additional 563 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in Mondelez International by 2.8% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 25,968 shares of the company’s stock valued at $1,699,000 after purchasing an additional 700 shares in the last quarter. Alethea Capital Management LLC bought a new stake in Mondelez International during the second quarter valued at approximately $479,000. Legal & General Group Plc lifted its position in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in Mondelez International in the 2nd quarter worth approximately $3,599,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler cut their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.65.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $74.20 on Friday. The company has a 50 day moving average price of $71.47 and a 200-day moving average price of $69.54. The firm has a market capitalization of $99.12 billion, a PE ratio of 23.56, a P/E/G 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 issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. 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 an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Mondelez International 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.