Everett Harris & Co. CA Increases Position in Mondelez International Inc (NASDAQ:MDLZ)
Everett Harris & Co. CA lifted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,735 shares of the company’s stock after buying an additional 193 shares during the quarter. Everett Harris & Co. CA’s holdings in Mondelez International were worth $447,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marquette Asset Management LLC purchased a new stake in Mondelez International in the 1st quarter valued at $25,000. Total Clarity Wealth Management Inc. purchased a new position in Mondelez International during the fourth quarter worth about $25,000. NewSquare Capital LLC increased its position in Mondelez International by 71.5% during the 1st quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock worth $25,000 after purchasing an additional 211 shares during the period. CVA Family Office LLC purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $25,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of Mondelez International by 249.3% in the second quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock valued at $25,000 after buying an additional 344 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.
Several equities analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, July 16th. Seaport Global Securities initiated coverage on shares of Mondelez International in a research report on Tuesday. They set a “buy” rating and a $61.00 target price on the stock. Piper Sandler lifted their target price on shares of Mondelez International from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Credit Suisse Group boosted their price target on Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday. Twenty equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $62.24.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 28th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share. Sell-side analysts anticipate that Mondelez International Inc will post 2.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.315 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, September 29th. Mondelez International’s dividend payout ratio is presently 46.15%.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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