DeDora Capital Inc. Acquires 228 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

DeDora Capital Inc. increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,647 shares of the company’s stock after acquiring an additional 228 shares during the period. DeDora Capital Inc.’s holdings in Mondelez International were worth $563,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Axiom Advisory LLC raised its holdings in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the last quarter. Cadence Bank boosted its holdings in Mondelez International by 1.3% during the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after acquiring an additional 148 shares during the last quarter. Evermay Wealth Management LLC boosted its holdings in Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after acquiring an additional 149 shares during the last quarter. Sachetta LLC boosted its holdings in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its holdings in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

Shares of Mondelez International stock traded up $0.27 on Tuesday, hitting $70.70. 259,811 shares of the company traded hands, compared to its average volume of 6,754,473. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $63.66 and a 12-month high of $77.20. The company has a 50-day moving average price of $72.55 and a 200 day moving average price of $69.64. The company has a market cap of $94.83 billion, a PE ratio of 22.30, a PEG ratio of 2.87 and a beta of 0.54.

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. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

Several analysts have issued reports on MDLZ shares. Stifel Nicolaus cut their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Citigroup lifted their price objective on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.06.

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.