Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Raised by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 29.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,719 shares of the company’s stock after purchasing an additional 21,859 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Mondelez International were worth $6,264,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cadence Bank boosted its holdings in shares of Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after buying an additional 148 shares during the period. Evermay Wealth Management LLC boosted its stake in Mondelez International by 2.6% in the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after acquiring an additional 149 shares during the period. Sachetta LLC boosted its stake in Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares during the period. Curbstone Financial Management Corp grew its holdings in shares of Mondelez International by 2.4% during the first quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock valued at $456,000 after purchasing an additional 150 shares during the last quarter. Finally, Searle & CO. raised its position in shares of Mondelez International by 1.2% during the 1st quarter. Searle & CO. now owns 12,319 shares of the company’s stock worth $862,000 after purchasing an additional 152 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.4 %

NASDAQ MDLZ opened at $74.78 on Friday. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a market capitalization of $100.31 billion, a P/E ratio of 23.74, a PEG ratio of 3.01 and a beta of 0.54. The company’s 50 day simple moving average is $70.48 and its 200 day simple moving average is $69.44. 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 posted its quarterly 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 company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.51%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

A number of brokerages recently commented on MDLZ. TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Piper Sandler dropped their price target 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. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.61.

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.