Bleakley Financial Group LLC Grows Stock Holdings in Mondelez International, Inc. $MDLZ

Bleakley Financial Group LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 41.9% during the second quarter, Holdings Channel.com reports. The firm owned 42,571 shares of the company’s stock after acquiring an additional 12,577 shares during the period. Bleakley Financial Group LLC’s holdings in Mondelez International were worth $2,871,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 90.1% during the first 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 purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC purchased a new stake in Mondelez International during the first quarter valued at $866,843,000. Invesco Ltd. raised its stake in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after acquiring an additional 137,604 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Mondelez International by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after acquiring an additional 89,362 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.4%

NASDAQ MDLZ opened at $60.77 on Friday. The company’s 50-day moving average price is $62.22 and its 200-day moving average price is $65.11. 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 stock has a market cap of $78.63 billion, a PE ratio of 22.26, a PEG ratio of 5.46 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Equities research 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 declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a $0.50 dividend. The ex-dividend date was Tuesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Barclays increased their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. UBS Group reduced their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Thursday, October 2nd. Twelve 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. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

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.