Avantax Advisory Services Inc. Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Avantax Advisory Services Inc. increased its stock holdings in Mondelez International by 5.0%, owning a total of 98,015 shares valued at $6,650,000.
• Several institutional investors, including Capital Research Global Investors and Geode Capital Management, have also increased their stakes in Mondelez International, indicating strong institutional support.
• Mondelez International announced a quarterly dividend of $0.47 per share, reflecting an annualized dividend yield of 2.66%.

Avantax Advisory Services Inc. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,015 shares of the company's stock after acquiring an additional 4,691 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Mondelez International were worth $6,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock valued at $1,721,954,000 after acquiring an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after acquiring an additional 975,929 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Mondelez International by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after acquiring an additional 208,181 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Mondelez International by 6.8% during the fourth quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock valued at $970,786,000 after acquiring an additional 1,035,184 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MDLZ shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Stock Up 0.6%

MDLZ stock opened at $70.58 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock has a market cap of $91.39 billion, a P/E ratio of 26.24, a PEG ratio of 5.31 and a beta of 0.48. The business's 50-day moving average price is $67.64 and its 200-day moving average price is $64.97.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

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.

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