Cwm LLC Has $9.53 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Cwm LLC increased its holdings in Mondelez International by 22.3%, bringing its total to $9.53 million in shares of the company.
• Mondelez International recently announced a dividend increase from $0.47 to $0.50 per share, resulting in a 3.2% yield.
• Wall Street analysts show a positive outlook with thirteen "Buy" ratings and a consensus target price of $70.89 for Mondelez International's stock.

Cwm LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 141,247 shares of the company's stock after purchasing an additional 25,787 shares during the quarter. Cwm LLC's holdings in Mondelez International were worth $9,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in Mondelez International during the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the period. North Capital Inc. acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Evercore ISI reduced their price objective on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.89.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $62.13 on Wednesday. The company has a fifty day simple moving average of $62.23 and a 200 day simple moving average of $65.37. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $80.39 billion, a P/E ratio of 22.76, a PEG ratio of 4.63 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $7.30 billion during the quarter. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is presently 73.26%.

Mondelez International Company 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.

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