Osaic Holdings Inc. Increases Stock Holdings in Mondelez International, Inc. $MDLZ

Osaic Holdings Inc. boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 30.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 284,475 shares of the company’s stock after buying an additional 65,842 shares during the quarter. Osaic Holdings Inc.’s holdings in Mondelez International were worth $19,200,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Lavaca Capital LLC increased its holdings in shares of Mondelez International by 29.3% during the second quarter. Lavaca Capital LLC now owns 7,120 shares of the company’s stock valued at $480,000 after acquiring an additional 1,614 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Mondelez International by 9.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 197,733 shares of the company’s stock worth $13,335,000 after purchasing an additional 17,088 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Mondelez International by 31.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 87,876 shares of the company’s stock worth $5,935,000 after purchasing an additional 21,238 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Mondelez International during the 2nd quarter worth approximately $2,793,000. Finally, Cim Investment Management Inc. increased its stake in Mondelez International by 99.7% during the 2nd quarter. Cim Investment Management Inc. now owns 9,136 shares of the company’s stock valued at $581,000 after purchasing an additional 4,562 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $53.82 on Thursday. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market cap of $69.45 billion, a PE ratio of 20.16 and a beta of 0.39. The business has a 50-day simple moving average of $57.54 and a 200-day simple moving average of $62.38.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion for the quarter. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank lowered 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. Barclays lowered their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Morgan Stanley cut their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company decreased their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada dropped their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.95.

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.