Northwest Investment Counselors LLC Buys 6,336 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Northwest Investment Counselors LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,052 shares of the company’s stock after purchasing an additional 6,336 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Mondelez International were worth $1,772,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MDLZ. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the second quarter worth $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter worth $29,000. ESL Trust Services LLC bought a new position in shares of Mondelez International during the first quarter valued at about $38,000. Finally, Riverview Trust Co bought a new position in shares of Mondelez International during the first quarter valued at about $44,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MDLZ. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Piper Sandler decreased their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.88.

Mondelez International Stock Performance

MDLZ traded down $0.93 during trading on Monday, hitting $70.65. The company’s stock had a trading volume of 2,076,017 shares, compared to its average volume of 6,772,991. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a one year low of $63.66 and a one year high of $77.20. The firm has a market cap of $94.77 billion, a PE ratio of 22.72, a P/E/G ratio of 2.87 and a beta of 0.54. The business’s 50 day simple moving average is $72.53 and its 200-day simple moving average is $69.62.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

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.