Moran Wealth Management LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Moran Wealth Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the second quarter, HoldingsChannel reports. The fund owned 165,186 shares of the company’s stock after purchasing an additional 2,023 shares during the quarter. Moran Wealth Management LLC’s holdings in Mondelez International were worth $11,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management lifted its position in Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after buying an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after buying an additional 168 shares during the last quarter. Finally, Enterprise Bank & Trust Co raised its holdings in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MDLZ. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company decreased their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Morgan Stanley decreased their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Fourteen research 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, the company has an average rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Stock Down 0.5%

NASDAQ:MDLZ opened at $61.17 on Tuesday. The firm has a market capitalization of $79.15 billion, a P/E ratio of 22.41, a PEG ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70. The company’s fifty day moving average price is $62.24 and its 200-day moving average price is $65.39. 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 quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm 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%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

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.