Forum Financial Management LP Purchases 2,160 Shares of Mondelez International, Inc. $MDLZ

Forum Financial Management LP increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,180 shares of the company’s stock after buying an additional 2,160 shares during the period. Forum Financial Management LP’s holdings in Mondelez International were worth $956,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ethic Inc. boosted its holdings in Mondelez International by 4.1% in the 2nd quarter. Ethic Inc. now owns 223,230 shares of the company’s stock worth $15,131,000 after buying an additional 8,874 shares during the period. Rehmann Capital Advisory Group lifted its stake in Mondelez International by 7.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 11,971 shares of the company’s stock worth $807,000 after purchasing an additional 797 shares in the last quarter. Exencial Wealth Advisors LLC lifted its stake in Mondelez International by 12.3% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 5,296 shares of the company’s stock worth $357,000 after purchasing an additional 578 shares in the last quarter. Citizens & Northern Corp lifted its stake in Mondelez International by 2.3% in the 2nd quarter. Citizens & Northern Corp now owns 32,011 shares of the company’s stock worth $2,159,000 after purchasing an additional 723 shares in the last quarter. Finally, Schulhoff & Co. Inc. lifted its stake in Mondelez International by 1.1% in the 2nd quarter. Schulhoff & Co. Inc. now owns 35,390 shares of the company’s stock worth $2,387,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MDLZ. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, 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 note on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.22.

Mondelez International Stock Down 1.5%

Shares of NASDAQ MDLZ opened at $61.01 on Friday. The firm’s 50-day moving average price is $62.24 and its 200-day moving average price is $65.14. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $78.94 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 5.55 and a beta of 0.45. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 net margin of 9.84% and a return on equity of 15.35%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a dividend of $0.50 per share. 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 payout ratio is currently 73.26%.

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.