Royal Fund Management LLC Acquires 23,875 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Royal Fund Management LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 186.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,690 shares of the company’s stock after acquiring an additional 23,875 shares during the quarter. Royal Fund Management LLC’s holdings in Mondelez International were worth $2,703,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Mondelez International by 7.3% in the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after purchasing an additional 1,723,537 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Stifel Nicolaus reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Piper Sandler cut their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Sanford C. Bernstein cut their target price 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. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.65.

Mondelez International Trading Down 0.1 %

Shares of NASDAQ MDLZ traded down $0.04 during midday trading on Wednesday, reaching $70.81. The stock had a trading volume of 383,209 shares, compared to its average volume of 6,831,090. The firm has a market cap of $94.98 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company’s 50 day moving average price is $72.22 and its 200 day moving average price is $69.54.

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. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s 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.