Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 37,429.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,893 shares of the company’s stock after acquiring an additional 22,832 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Mondelez International were worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the 2nd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.28 on Monday. 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 fifty-two week low of $60.75 and a fifty-two week high of $77.20. The business has a fifty day moving average of $70.66 and a 200-day moving average of $69.43. The stock has a market cap of $99.64 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal 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 dividend of $0.47 per share. 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 2.53%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Evercore ISI cut their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. TD Cowen dropped their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Barclays decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.29.

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.