Bogart Wealth LLC Purchases 3,008 Shares of Mondelez International, Inc. $MDLZ

Bogart Wealth LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,613 shares of the company’s stock after purchasing an additional 3,008 shares during the quarter. Bogart Wealth LLC’s holdings in Mondelez International were worth $7,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares in the last quarter. GAMMA Investing LLC increased its stake in Mondelez International by 21.1% in the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock valued at $1,243,000 after acquiring an additional 3,193 shares during the period. Sowell Financial Services LLC bought a new stake in Mondelez International in the first quarter valued at about $232,000. Kingswood Wealth Advisors LLC raised its position in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Advisor Resource Council bought a new position in Mondelez International during the first quarter worth about $392,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDLZ shares. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI cut their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.84.

Mondelez International Stock Up 1.4%

Shares of NASDAQ MDLZ opened at $62.46 on Monday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.82. The firm’s 50-day simple moving average is $62.22 and its 200 day simple moving average is $65.24. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $80.82 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Mondelez International 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.