FSM Wealth Advisors LLC Has $705,000 Position in Mondelez International, Inc. $MDLZ

Key Points

• FSM Wealth Advisors LLC increased its stake in Mondelez International by 77.5% during the second quarter, reaching a total of $705,000 in holdings.
• In the first quarter, several institutional investors like Price T Rowe Associates and Nuveen LLC significantly boosted their positions in Mondelez, which now has 78.32% of its stock owned by institutional investors.
• Mondelez International recently declared a quarterly dividend of $0.50, up from $0.47, representing an annualized dividend yield of 3.3%.

FSM Wealth Advisors LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 77.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,246 shares of the company's stock after purchasing an additional 4,474 shares during the quarter. FSM Wealth Advisors LLC's holdings in Mondelez International were worth $705,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC acquired a new stake in shares of Mondelez International during the first quarter worth approximately $866,843,000. Invesco Ltd. lifted its stake in Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company's stock valued at $851,327,000 after acquiring an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in Mondelez International by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company's stock valued at $417,090,000 after acquiring an additional 89,362 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MDLZ. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a research note on Friday, October 17th. Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. Sanford C. Bernstein lifted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, UBS Group reduced their price objective on shares of Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.22.

Mondelez International Trading Down 0.8%

Shares of MDLZ stock opened at $61.47 on Thursday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.15. The firm's fifty day simple moving average is $62.25 and its 200 day simple moving average is $65.17. The firm has a market capitalization of $79.54 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 5.53 and a beta of 0.45. 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. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were 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 was Tuesday, September 30th. This represents a $2.00 annualized dividend and a 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.

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