Royal Fund Management LLC Has $839,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Royal Fund Management LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,815 shares of the company’s stock after buying an additional 300 shares during the period. Royal Fund Management LLC’s holdings in Mondelez International were worth $839,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 period. Capital Research Global Investors boosted its holdings 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 worth $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Capital World Investors boosted its holdings in shares of Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after acquiring an additional 463,738 shares during the period. Finally, Norges Bank acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $1,231,413,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ MDLZ traded down $0.16 during trading on Friday, hitting $70.12. 5,130,941 shares of the company traded hands, compared to its average volume of 7,208,019. The business’s fifty day moving average is $67.20 and its 200 day moving average is $69.54. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The firm has a market capitalization of $94.06 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Piper Sandler reduced their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

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.