McAdam LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

McAdam LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, HoldingsChannel reports. The fund bought 3,233 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently bought and sold shares of MDLZ. Axiom Advisory LLC raised its stake in Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the last quarter. Cadence Bank raised its stake in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after purchasing an additional 148 shares during the last quarter. Evermay Wealth Management LLC raised its stake in Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after purchasing an additional 149 shares during the last quarter. Sachetta LLC raised its stake in Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the last quarter. Finally, Carnegie Investment Counsel raised its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.0 %

Shares of NASDAQ:MDLZ opened at $69.23 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $64.18 and a 52-week high of $77.20. The company has a 50 day moving average of $72.55 and a two-hundred day moving average of $69.67. The company has a market capitalization of $92.86 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) 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 company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the company earned $0.76 earnings per share. Mondelez International’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.72%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MDLZ. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday. They issued a “buy” rating and a $82.00 target price for the company. DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.35.

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.