First Fiduciary Investment Counsel Inc. Has $9.69 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• First Fiduciary Investment Counsel Inc. has increased its stake in Mondelez International by 76.7%, now holding 143,663 shares worth approximately $9.69 million.
• Mondelez International recently declared a $0.50 quarterly dividend, up from $0.47, representing a 3.3% dividend yield.
• Analysts generally rate Mondelez International as a Moderate Buy, with a consensus price target of $71.55 and significant upgrades from firms like Stifel Nicolaus and Piper Sandler.

First Fiduciary Investment Counsel Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 76.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,663 shares of the company's stock after buying an additional 62,339 shares during the period. Mondelez International comprises approximately 1.9% of First Fiduciary Investment Counsel Inc.'s portfolio, making the stock its 26th biggest position. First Fiduciary Investment Counsel Inc.'s holdings in Mondelez International were worth $9,689,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the period. Nuveen LLC acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $866,843,000. Goldman Sachs Group Inc. boosted its holdings in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International during the 1st quarter worth $189,930,000. Finally, Natixis Advisors LLC lifted its holdings in Mondelez International by 148.6% during the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after buying an additional 1,775,570 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Mondelez International in a research report on Saturday, September 27th. UBS Group decreased their price objective on Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday. Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Fourteen 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's stock. According to data from MarketBeat, the company has an average 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 company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 4.62 and a beta of 0.45. The firm's fifty day simple moving average is $62.28 and its two-hundred day simple moving average is $65.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.30 billion for the quarter. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International's payout ratio 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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.