Vest Financial LLC Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Vest Financial LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.0% during the second quarter, HoldingsChannel reports. The firm owned 3,885 shares of the company’s stock after buying an additional 593 shares during the period. Vest Financial LLC’s holdings in Mondelez International were worth $254,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nelson Capital Management LLC acquired a new stake in shares of Mondelez International during the second quarter worth approximately $204,000. Wambolt & Associates LLC grew its position in shares of Mondelez International by 4.7% during the second quarter. Wambolt & Associates LLC now owns 39,164 shares of the company’s stock worth $2,555,000 after buying an additional 1,774 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Mondelez International by 0.6% during the second quarter. Johnson Investment Counsel Inc. now owns 54,672 shares of the company’s stock worth $3,578,000 after buying an additional 323 shares in the last quarter. Qsemble Capital Management LP grew its position in shares of Mondelez International by 49.1% during the second quarter. Qsemble Capital Management LP now owns 52,014 shares of the company’s stock worth $3,404,000 after buying an additional 17,117 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of Mondelez International during the second quarter worth approximately $339,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Piper Sandler decreased their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, DA Davidson decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Trading Up 1.2 %

Shares of MDLZ opened at $75.26 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The stock has a market capitalization of $100.53 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.01 and a beta of 0.54. The business’s 50-day moving average price is $69.72 and its 200 day moving average price is $69.38.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS 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 business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. Mondelez International’s payout ratio is currently 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.