Fifth Third Wealth Advisors LLC Grows Stake in Mondelez International, Inc. $MDLZ

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Mondelez International by 47.2%, now holding 28,016 shares valued at approximately $1.89 million.
• Analysts have raised price targets for Mondelez International, with Barclays setting a new target of $77 and Jefferies advising a buy rating with a target of $78.
• Mondelez has announced an increase in its quarterly dividend to $0.50 per share, resulting in an annualized dividend of $2.00 and a yield of 3.3%.

Fifth Third Wealth Advisors LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 47.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,016 shares of the company's stock after purchasing an additional 8,982 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Mondelez International were worth $1,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MDLZ. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. purchased a new position in shares of Mondelez International in the 1st quarter valued at $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Mondelez International in the 2nd quarter valued at $33,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Barclays lifted their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and lifted their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Mondelez International in a report on Saturday, September 27th. Evercore ISI cut their price target on Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. Finally, UBS Group lowered their price objective on Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.55.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.45 on Friday. The stock has a 50-day moving average of $62.28 and a two-hundred day moving average of $65.45. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market cap of $79.51 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.65 and a beta of 0.45.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 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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