Bridges Investment Management Inc. Buys 9,473 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bridges Investment Management Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 74.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,216 shares of the company’s stock after purchasing an additional 9,473 shares during the quarter. Bridges Investment Management Inc.’s holdings in Mondelez International were worth $1,454,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MDLZ. SageView Advisory Group LLC bought a new position in Mondelez International during the fourth quarter valued at $907,000. Gotham Asset Management LLC grew its position in Mondelez International by 10.4% in the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after acquiring an additional 16,450 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Mondelez International during the first quarter worth approximately $1,686,000. Schroder Investment Management Group raised its position in Mondelez International by 35.1% during the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after purchasing an additional 168,639 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Mondelez International by 21.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after purchasing an additional 27,379 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MDLZ shares. 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. Bank of America reduced their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Barclays dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Stock Down 0.7 %

NASDAQ:MDLZ opened at $74.28 on Friday. 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, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a 50-day moving average of $70.66 and a 200 day moving average of $69.46. The firm has a market cap of $99.64 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion for 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 company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is 59.68%.

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.