Mondelez International, Inc. $MDLZ Shares Bought by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,038 shares of the company’s stock after acquiring an additional 575 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Mondelez International were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Abound Financial LLC acquired a new position in Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the 1st quarter worth $26,000. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter worth about $31,000. Financial Connections Group Inc. bought a new stake in shares of Mondelez International in the 2nd quarter worth about $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4%

Shares of NASDAQ:MDLZ opened at $61.97 on Thursday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.32. The firm has a market cap of $80.19 billion, a P/E ratio of 22.70, a P/E/G ratio of 5.53 and a beta of 0.45. The company has a 50 day moving average of $62.25 and a 200-day moving average of $65.17. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last released its 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 business had revenue of $7.30 billion during the quarter. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is an increase 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 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Sanford C. Bernstein boosted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lowered 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, October 17th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.