Retirement Guys Formula LLC Boosts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Retirement Guys Formula LLC increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,617 shares of the company’s stock after buying an additional 1,777 shares during the period. Retirement Guys Formula LLC’s holdings in Mondelez International were worth $603,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its holdings in Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after acquiring an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in Mondelez International during the 4th quarter worth about $1,650,000. SageView Advisory Group LLC bought a new position in Mondelez International during the 4th quarter worth about $907,000. AGF Management Ltd. grew its holdings in Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after acquiring an additional 429,936 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after acquiring an additional 1,713 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MDLZ shares. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein raised their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.31 during trading on Thursday, hitting $66.34. 3,462,505 shares of the stock traded hands, compared to its average volume of 6,227,547. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company has a market cap of $88.99 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.53 and a beta of 0.53. The company has a fifty day moving average price of $68.61 and a two-hundred day moving average price of $70.68. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is presently 53.97%.

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.