Mondelez International, Inc. $MDLZ Shares Purchased by West Michigan Advisors LLC

West Michigan Advisors LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,445 shares of the company’s stock after acquiring an additional 180 shares during the quarter. West Michigan Advisors LLC’s holdings in Mondelez International were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MDLZ. Brighton Jones LLC raised its holdings in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Mondelez International by 21.1% in the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,193 shares during the last quarter. Golden State Equity Partners acquired a new position in shares of Mondelez International in the first quarter worth $316,000. Golden State Wealth Management LLC raised its holdings in shares of Mondelez International by 93.9% in the first quarter. Golden State Wealth Management LLC now owns 6,904 shares of the company’s stock worth $469,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its position in shares of Mondelez International by 43.8% in the first quarter. Pure Financial Advisors LLC now owns 5,601 shares of the company’s stock valued at $380,000 after purchasing an additional 1,705 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.4%

NASDAQ:MDLZ opened at $60.77 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The business’s 50-day simple moving average is $62.22 and its 200 day simple moving average is $65.11. The stock has a market cap of $78.63 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 5.46 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. Mondelez International’s payout ratio is presently 73.26%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Stifel Nicolaus boosted their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price target on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Barclays boosted their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

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.