Compagnie Lombard Odier SCmA Purchases 41,892 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Compagnie Lombard Odier SCmA increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 879,370 shares of the company’s stock after purchasing an additional 41,892 shares during the quarter. Mondelez International makes up about 1.0% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 27th biggest position. Compagnie Lombard Odier SCmA owned approximately 0.07% of Mondelez International worth $64,783,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mondelez International in the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MDLZ shares. 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. Bank of America reduced their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target 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. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.41.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.48 on Friday, hitting $70.66. The stock had a trading volume of 4,338,547 shares, compared to its average volume of 6,827,386. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a market capitalization of $94.39 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The firm has a 50-day moving average of $72.33 and a 200-day moving average of $69.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $0.76 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders 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 yield of 2.66%. The ex-dividend date of this dividend 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 (DPR) is 64.60%.

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.