Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Atticus Wealth Management LLC

Atticus Wealth Management LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,070 shares of the company’s stock after acquiring an additional 248 shares during the period. Atticus Wealth Management LLC’s holdings in Mondelez International were worth $66,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDLZ. Schroder Investment Management Group grew its holdings in shares of Mondelez International by 445.0% in the fourth quarter. Schroder Investment Management Group now owns 528,409 shares of the company’s stock valued at $35,039,000 after purchasing an additional 431,462 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Mondelez International by 62,206.7% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 56,076 shares of the company’s stock valued at $3,718,000 after purchasing an additional 55,986 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Mondelez International by 0.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 227,103 shares of the company’s stock valued at $15,058,000 after purchasing an additional 1,599 shares during the last quarter. Mutual Advisors LLC raised its position in Mondelez International by 15.4% in the 4th quarter. Mutual Advisors LLC now owns 8,981 shares of the company’s stock valued at $596,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in Mondelez International by 10.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 221,836 shares of the company’s stock valued at $14,710,000 after purchasing an additional 21,860 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. StockNews.com upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Piper Sandler dropped their price objective on shares of Mondelez International to $72.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. Sanford C. Bernstein upped their price target on shares of Mondelez International to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, UBS Group lowered their price target on shares of Mondelez International to $73.00 in a research note on Friday, July 22nd. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $72.85.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $59.75 on Thursday. The firm has a market cap of $81.89 billion, a P/E ratio of 21.73, a PEG ratio of 2.98 and a beta of 0.60. Mondelez International, Inc. has a 1-year low of $57.63 and a 1-year high of $69.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.45. The firm’s 50-day simple moving average is $62.64 and its 200-day simple moving average is $62.68.

Mondelez International (NASDAQ:MDLZGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $6.81 billion. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.91 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.385 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 29th. Mondelez International’s dividend payout ratio is presently 50.91%.

Mondelez International Company Profile

(Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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