Mondelez International, Inc. $MDLZ Shares Acquired by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 299,352 shares of the company’s stock after acquiring an additional 2,306 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Mondelez International were worth $20,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC acquired a new stake in Mondelez International during the 1st quarter valued at $866,843,000. Invesco Ltd. increased its stake in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after buying an additional 137,604 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in Mondelez International by 1.5% in the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after buying an additional 89,362 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDLZ. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Morgan Stanley dropped their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Stifel Nicolaus upped their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, UBS Group cut their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.22.

Mondelez International Stock Up 0.4%

MDLZ stock opened at $61.97 on Thursday. The firm has a market cap of $80.19 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 5.53 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a fifty day moving average price of $62.25 and a two-hundred day moving average price of $65.17.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion for the quarter. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is currently 73.26%.

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.