Apella Capital LLC Grows Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Apella Capital LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,455 shares of the company’s stock after purchasing an additional 265 shares during the quarter. Apella Capital LLC’s holdings in Mondelez International were worth $250,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. Bank of America lowered their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Trading Up 0.5 %

MDLZ stock traded up $0.35 during mid-day trading on Friday, reaching $71.51. 4,379,169 shares of the stock traded hands, compared to its average volume of 6,891,803. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The stock’s fifty day moving average is $72.07 and its 200-day moving average is $69.59. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a market cap of $95.92 billion, a P/E ratio of 22.70, a P/E/G ratio of 3.02 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 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 for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is 59.68%.

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.