Dakota Wealth Management Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dakota Wealth Management grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the third quarter, HoldingsChannel.com reports. The fund owned 50,227 shares of the company’s stock after purchasing an additional 615 shares during the period. Dakota Wealth Management’s holdings in Mondelez International were worth $3,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at about $29,000. ESL Trust Services LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Mondelez International during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MDLZ. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday. They set a “buy” rating and a $82.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.35.

Mondelez International Stock Performance

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

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

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

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.