Clarendon Private LLC Purchases 1,289 Shares of Mondelez International, Inc. $MDLZ

Clarendon Private LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,937 shares of the company’s stock after purchasing an additional 1,289 shares during the period. Clarendon Private LLC’s holdings in Mondelez International were worth $468,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $866,843,000. Invesco Ltd. increased its holdings in Mondelez International by 1.1% during the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after purchasing an additional 137,604 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in Mondelez International by 1.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after purchasing an additional 89,362 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $61.45 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $62.28 and its 200 day simple moving average is $65.45. The company has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last posted 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 business had revenue of $7.30 billion for the quarter. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

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

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a report on Saturday, September 27th. UBS Group reduced their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday. 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. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $71.55.

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.