Hamlin Capital Management LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Hamlin Capital Management LLC increased its stake in Mondelez International by 68.9% during the 2nd quarter, now holding 1,596,895 shares valued at approximately $107.7 million.
• Mondelez recently declared a quarterly dividend of $0.50 per share, an increase from the previous $0.47, making the annualized dividend $2.00 with a yield of 3.2%.
• Thirteen analysts have rated Mondelez with a Buy rating, giving it a consensus target price of $70.84, while Wells Fargo reduced its target to $74.00 but maintained an "overweight" rating.

Hamlin Capital Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 68.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,596,895 shares of the company's stock after purchasing an additional 651,404 shares during the quarter. Mondelez International accounts for approximately 2.5% of Hamlin Capital Management LLC's investment portfolio, making the stock its 24th biggest holding. Hamlin Capital Management LLC owned 0.12% of Mondelez International worth $107,695,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MDLZ. Brighton Jones LLC boosted its stake in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Mondelez International by 21.1% during the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company's stock worth $1,243,000 after acquiring an additional 3,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Mondelez International by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 497,768 shares of the company's stock worth $33,774,000 after acquiring an additional 9,386 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Mondelez International during the 1st quarter worth about $232,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after acquiring an additional 1,013 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Weiss Ratings restated a "hold (c)" rating on shares of Mondelez International in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a research report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.84.

Mondelez International Stock Up 1.4%

MDLZ stock opened at $62.46 on Friday. The company has a market cap of $80.82 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 5.51 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, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82. The firm has a 50-day moving average of $62.22 and a two-hundred day moving average of $65.26.

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

Mondelez International Increases Dividend

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

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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