Rosenberg Matthew Hamilton Acquires 882 Shares of Mondelez International, Inc. $MDLZ

Rosenberg Matthew Hamilton boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,571 shares of the company’s stock after buying an additional 882 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Mondelez International were worth $241,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MDLZ has been the subject of a number of research reports. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Wells Fargo & Company lowered their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $70.89.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.66 on Thursday. The company has a market cap of $79.78 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 5.55 and a beta of 0.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.35. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $62.23 and a 200-day moving average of $65.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s payout ratio is 73.26%.

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.