Drive Wealth Management LLC Makes New $316,000 Investment in Mondelez International, Inc. $MDLZ

Key Points

• Drive Wealth Management LLC made a new investment in Mondelez International, Inc., acquiring 4,653 shares valued at approximately $316,000 during the 2nd quarter.
• Mondelez recently increased its quarterly dividend to $0.50, up from $0.47, translating to an annual dividend yield of 3.2%.
• Analyst ratings for Mondelez show a consensus of "Moderate Buy", with an average price target of $70.84.

Drive Wealth Management LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,653 shares of the company's stock, valued at approximately $316,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Canopy Partners LLC grew its holdings in Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock worth $1,140,000 after acquiring an additional 2,876 shares in the last quarter. TCW Group Inc. lifted its position in shares of Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after purchasing an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after purchasing an additional 4,002 shares in the last quarter. CORDA Investment Management LLC. grew its stake in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock worth $38,920,000 after purchasing an additional 8,456 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new position in Mondelez International in the first quarter valued at $392,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.81 on Tuesday. The stock has a market cap of $81.27 billion, a P/E ratio of 23.01, a P/E/G ratio of 5.58 and a beta of 0.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.82. The stock has a 50 day moving average of $62.25 and a two-hundred day moving average of $65.21. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its 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 for the quarter. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's dividend payout ratio is currently 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a report on Friday. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. 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 report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.84.

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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