Sound Income Strategies LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 606.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 417 shares of the company’s stock after purchasing an additional 358 shares during the quarter. Sound Income Strategies LLC’s holdings in Mondelez International were worth $26,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Reilly Financial Advisors LLC raised its stake in Mondelez International by 2.7% during the 1st quarter. Reilly Financial Advisors LLC now owns 196,090 shares of the company’s stock valued at $11,477,000 after purchasing an additional 5,111 shares during the period. Advisors Asset Management Inc. raised its stake in Mondelez International by 5.9% during the 1st quarter. Advisors Asset Management Inc. now owns 287,844 shares of the company’s stock valued at $16,848,000 after purchasing an additional 16,077 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in Mondelez International by 60.3% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 76,110 shares of the company’s stock valued at $4,455,000 after purchasing an additional 28,619 shares during the period. Covington Capital Management raised its stake in Mondelez International by 3.0% during the 1st quarter. Covington Capital Management now owns 212,673 shares of the company’s stock valued at $12,448,000 after purchasing an additional 6,177 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in Mondelez International by 5.9% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 40,071 shares of the company’s stock valued at $2,345,000 after purchasing an additional 2,223 shares during the period. 75.73% of the stock is currently owned by institutional investors.
MDLZ opened at $63.26 on Monday. The firm’s fifty day simple moving average is $63.38. Mondelez International, Inc. has a 52-week low of $52.51 and a 52-week high of $65.60. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The stock has a market cap of $88.86 billion, a PE ratio of 23.17, a P/E/G ratio of 2.54 and a beta of 0.67.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Mondelez International had a return on equity of 14.30% and a net margin of 15.49%. The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter in the previous year, the business earned $0.63 EPS. Mondelez International’s revenue was up 12.4% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.21%. This is a boost from Mondelez International’s previous quarterly dividend of $0.32. Mondelez International’s payout ratio is presently 48.65%.
MDLZ has been the subject of several research analyst reports. Credit Suisse Group raised their price target on Mondelez International from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, July 19th. Piper Sandler raised their price target on Mondelez International from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, July 28th. Jefferies Financial Group raised their price target on Mondelez International from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Finally, The Goldman Sachs Group cut Mondelez International from a “conviction-buy” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.08.
Mondelez International Company Profile
Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.
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