Mondelez International, Inc. $MDLZ Stake Lifted by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 53.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,795 shares of the company’s stock after acquiring an additional 2,024 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Mondelez International were worth $391,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in 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 worth $874,000 after buying an additional 7,025 shares in the last quarter. GAMMA Investing LLC grew its holdings in Mondelez International by 21.1% during the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,193 shares during the period. Pure Financial Advisors LLC raised its position in Mondelez International by 43.8% in the first quarter. Pure Financial Advisors LLC now owns 5,601 shares of the company’s stock worth $380,000 after acquiring an additional 1,705 shares in the last quarter. Transcend Capital Advisors LLC lifted its holdings in Mondelez International by 8.9% in the 1st quarter. Transcend Capital Advisors LLC now owns 24,383 shares of the company’s stock valued at $1,654,000 after acquiring an additional 1,985 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Mondelez International by 10.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 178,031 shares of the company’s stock valued at $12,079,000 after purchasing an additional 16,754 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.4%

NASDAQ MDLZ opened at $60.77 on Friday. The firm’s 50 day moving average price is $62.22 and its two-hundred day moving average price is $65.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The stock has a market cap of $78.63 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current 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 issued a $0.50 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is currently 73.26%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Evercore ISI dropped their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Morgan Stanley decreased their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. 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 company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $70.22.

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.