Quotient Wealth Partners LLC Increases Holdings in Mondelez International, Inc. $MDLZ

Quotient Wealth Partners LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,532 shares of the company’s stock after buying an additional 613 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Mondelez International were worth $306,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter worth $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.46 on Friday. 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, Inc. has a one year low of $53.95 and a one year high of $71.82. The firm has a market capitalization of $80.82 billion, a P/E ratio of 22.88, a PEG ratio of 5.58 and a beta of 0.45. The business has a fifty day moving average of $62.22 and a 200 day moving average of $65.26.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 company had revenue of $7.30 billion during the quarter. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued 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 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International’s dividend payout ratio is presently 73.26%.

Analyst Ratings Changes

MDLZ has been the subject of a number of research analyst reports. Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Evercore ISI reduced their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $70.84.

Mondelez International 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.