Strategic Blueprint LLC Has $486,000 Stake in Mondelez International, Inc. $MDLZ

Strategic Blueprint LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,206 shares of the company’s stock after selling 1,716 shares during the quarter. Strategic Blueprint LLC’s holdings in Mondelez International were worth $486,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the 1st quarter valued at $26,000. North Capital Inc. acquired a new stake in Mondelez International in the 1st quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in Mondelez International in the 2nd quarter valued at $33,000. Finally, Saudi Central Bank acquired a new stake in Mondelez International in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MDLZ. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Sanford C. Bernstein lifted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Berenberg Bank downgraded 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.22.

Mondelez International Price Performance

MDLZ opened at $60.77 on Friday. The company has a market capitalization of $78.63 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 5.44 and a beta of 0.45. 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. The firm’s fifty day moving average price is $62.22 and its two-hundred day moving average price is $65.12.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend 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%.

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.