HB Wealth Management LLC Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• HB Wealth Management LLC increased its holdings in Mondelez International by 49.4%, purchasing an additional 39,936 shares, bringing its total to 120,744 shares valued at approximately $8.2 million.
• Analysts have upgraded Mondelez International's stock, with Jefferies Financial Group raising the target price from $66.00 to $78.00, and the stock currently holds an average rating of "Moderate Buy."
• Mondelez International announced a quarterly dividend of $0.47 per share, reflecting an annualized yield of 2.66% and a dividend payout ratio of 69.89%.

HB Wealth Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 49.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,744 shares of the company's stock after buying an additional 39,936 shares during the quarter. HB Wealth Management LLC's holdings in Mondelez International were worth $8,193,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Checchi Capital Advisers LLC raised its position in Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after purchasing an additional 160 shares during the period. Glass Jacobson Investment Advisors llc raised its position in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC raised its position in Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the period. Sage Private Wealth Group LLC raised its position in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after purchasing an additional 175 shares during the period. Finally, Verus Financial Partners Inc. raised its holdings in shares of Mondelez International by 3.7% in the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after buying an additional 179 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDLZ shares. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Stock Up 0.6%

MDLZ stock traded up $0.40 on Friday, hitting $70.58. 4,520,788 shares of the company's stock were exchanged, compared to its average volume of 6,836,958. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a 50 day moving average price of $67.64 and a two-hundred day moving average price of $65.01. The stock has a market cap of $91.39 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.66%. Mondelez International's payout ratio is presently 69.89%.

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.