Lazard Freres Gestion S.A.S. Acquires 14,198 Shares of Mondelez International, Inc. $MDLZ

Lazard Freres Gestion S.A.S. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 685,490 shares of the company’s stock after acquiring an additional 14,198 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Mondelez International were worth $46,229,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MDLZ. AlTi Global Inc. raised its holdings in Mondelez International by 7.1% in the 2nd quarter. AlTi Global Inc. now owns 45,691 shares of the company’s stock worth $3,095,000 after acquiring an additional 3,047 shares during the last quarter. FSM Wealth Advisors LLC grew its position in shares of Mondelez International by 77.5% during the 2nd quarter. FSM Wealth Advisors LLC now owns 10,246 shares of the company’s stock valued at $705,000 after acquiring an additional 4,474 shares during the period. Bleakley Financial Group LLC boosted its holdings in Mondelez International by 41.9% in the 2nd quarter. Bleakley Financial Group LLC now owns 42,571 shares of the company’s stock worth $2,871,000 after buying an additional 12,577 shares during the period. Clifford Swan Investment Counsel LLC boosted its holdings in Mondelez International by 0.8% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 299,352 shares of the company’s stock worth $20,188,000 after buying an additional 2,306 shares during the period. Finally, OLD Point Trust & Financial Services N A boosted its holdings in Mondelez International by 8.9% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 7,038 shares of the company’s stock worth $475,000 after buying an additional 575 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 1.5%

NASDAQ MDLZ opened at $61.01 on Friday. The company has a market capitalization of $78.94 billion, a PE ratio of 22.35, a P/E/G ratio of 5.55 and a beta of 0.45. The company has a fifty day moving average of $62.24 and a 200 day moving average of $65.14. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Stifel Nicolaus increased their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. UBS Group reduced their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Thursday, October 2nd. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.22.

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.