Liberty One Investment Management LLC Increases Stock Position in Mondelez International, Inc. $MDLZ

Liberty One Investment Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,117 shares of the company’s stock after purchasing an additional 6,772 shares during the period. Mondelez International accounts for approximately 2.7% of Liberty One Investment Management LLC’s portfolio, making the stock its 18th largest holding. Liberty One Investment Management LLC’s holdings in Mondelez International were worth $26,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MDLZ. Abound Financial LLC purchased a new stake in shares of Mondelez International in the first quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Mondelez International in the first quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Mondelez International in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $62.81 on Tuesday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The company has a 50 day moving average price of $62.25 and a 200 day moving average price of $65.21. The firm has a market capitalization of $81.27 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion during the quarter. 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. Investors of record on Tuesday, September 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. 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. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Barclays boosted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Thirteen equities 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.84.

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.