Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Creative Planning

Creative Planning lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 343,226 shares of the company’s stock after purchasing an additional 15,845 shares during the quarter. Creative Planning’s holdings in Mondelez International were worth $25,285,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $29,000. ESL Trust Services LLC purchased a new stake in shares of Mondelez International during the 1st quarter worth $38,000. Finally, Riverview Trust Co purchased a new stake in shares of Mondelez International during the 1st quarter worth $44,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $71.58 on Monday. 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 fifty-two week low of $63.66 and a fifty-two week high of $77.20. The firm has a 50-day simple moving average of $72.53 and a 200-day simple moving average of $69.62. The company has a market capitalization of $96.01 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Wall Street Analyst Weigh In

Several research firms recently commented on MDLZ. Stifel Nicolaus dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Citigroup upped their price target on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $78.88.

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.