XML Financial LLC Buys 2,178 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

XML Financial LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 21.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,225 shares of the company’s stock after acquiring an additional 2,178 shares during the quarter. XML Financial LLC’s holdings in Mondelez International were worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Vontobel Holding Ltd. lifted its position in Mondelez International by 11.8% during the third quarter. Vontobel Holding Ltd. now owns 381,298 shares of the company’s stock valued at $20,906,000 after purchasing an additional 40,299 shares during the last quarter. Excalibur Management Corp lifted its position in Mondelez International by 18.9% during the third quarter. Excalibur Management Corp now owns 5,035 shares of the company’s stock valued at $276,000 after purchasing an additional 801 shares during the last quarter. Empirical Finance LLC lifted its position in Mondelez International by 19.1% during the third quarter. Empirical Finance LLC now owns 34,227 shares of the company’s stock valued at $1,877,000 after purchasing an additional 5,490 shares during the last quarter. Glenview Trust Co lifted its position in Mondelez International by 3.6% during the third quarter. Glenview Trust Co now owns 60,257 shares of the company’s stock valued at $3,304,000 after purchasing an additional 2,092 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Mondelez International by 17.8% during the third quarter. Empowered Funds LLC now owns 17,427 shares of the company’s stock valued at $955,000 after purchasing an additional 2,635 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity

In other news, EVP Maurizio Brusadelli sold 22,388 shares of the firm’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $67.55, for a total value of $1,512,309.40. Following the sale, the executive vice president now directly owns 179,588 shares in the company, valued at approximately $12,131,169.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research reports. Cowen lowered their price objective on shares of Mondelez International to $69.00 in a research report on Thursday, October 13th. Piper Sandler increased their target price on shares of Mondelez International from $72.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. TheStreet raised shares of Mondelez International from a “c+” rating to a “b+” rating in a research note on Monday, December 12th. UBS Group downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their target price for the company from $70.00 to $71.00 in a research note on Thursday, December 8th. Finally, Wells Fargo & Company started coverage on shares of Mondelez International in a research note on Tuesday, January 3rd. They issued an “overweight” rating and a $75.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.18.

Mondelez International Trading Up 0.7 %

NASDAQ MDLZ opened at $64.84 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.46 and a current ratio of 0.69. The company has a market capitalization of $88.55 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The company’s 50-day simple moving average is $66.56 and its two-hundred day simple moving average is $63.14. Mondelez International, Inc. has a one year low of $54.72 and a one year high of $68.81.

Mondelez International (NASDAQ:MDLZGet Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The business had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.48 billion. Mondelez International had a net margin of 10.30% and a return on equity of 14.85%. Equities analysts forecast that Mondelez International, Inc. will post 2.94 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Thursday, December 29th. Mondelez International’s dividend payout ratio is currently 68.44%.

Mondelez International Profile

(Get Rating)

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery, and meals.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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