Sky Investment Group LLC Acquires 3,120 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sky Investment Group LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,186 shares of the company’s stock after purchasing an additional 3,120 shares during the quarter. Sky Investment Group LLC’s holdings in Mondelez International were worth $2,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Capital World Investors boosted its holdings in Mondelez International by 2.2% in the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after acquiring an additional 463,738 shares during the last quarter. Finally, Norges Bank acquired a new stake in Mondelez International in the fourth quarter worth about $1,231,413,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MDLZ. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday. They set a “buy” rating and a $80.00 target price on the stock. Piper Sandler cut their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company decreased their price objective on 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 eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Stock Up 1.2 %

MDLZ traded up $0.86 during trading on Wednesday, reaching $71.20. The company had a trading volume of 7,575,382 shares, compared to its average volume of 7,229,392. The company has a market cap of $95.50 billion, a P/E ratio of 22.60, a PEG ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. The business’s fifty day moving average price is $67.11 and its 200 day moving average price is $69.57.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

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.