2,800 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,800 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors have also recently bought and sold shares of the company. Gotham Asset Management LLC lifted its holdings in Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after buying an additional 16,450 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Mondelez International during the 1st quarter valued at $1,686,000. Alaska Permanent Fund Corp grew its stake in shares of Mondelez International by 76.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after buying an additional 27,370 shares during the period. GLOBALT Investments LLC GA bought a new position in Mondelez International in the fourth quarter worth approximately $5,290,000. Finally, Duality Advisers LP bought a new stake in shares of Mondelez International during the first quarter valued at approximately $4,528,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MDLZ. Citigroup raised their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein decreased their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Piper Sandler dropped their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.41.

Mondelez International Price Performance

MDLZ traded down $0.06 on Thursday, reaching $70.99. The company had a trading volume of 817,977 shares, compared to its average volume of 6,820,931. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a market cap of $95.22 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 3.02 and a beta of 0.54. The business has a 50 day simple moving average of $72.27 and a 200 day simple moving average of $69.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company 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%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, sell-side 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. Investors 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 dividend on an annualized basis and a yield of 2.65%. Mondelez International’s payout ratio is presently 59.68%.

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.