Mondelez International, Inc. $MDLZ Position Raised by Ethic Inc.

Key Points

• Ethic Inc. increased its position in Mondelez International by 4.1% during Q2, acquiring an additional 8,874 shares, bringing its total holdings to 223,230 shares valued at approximately $15.13 million.
• Mondelez International has announced a quarterly dividend increase from $0.47 to $0.50 per share, representing an annualized dividend of $2.00 and a dividend yield of 3.2%.
• As of the latest reports, analysts have a majority buy rating for Mondelez International, with a revised average price target of $70.22 per share after several recent adjustments by major banks.

Ethic Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,230 shares of the company's stock after acquiring an additional 8,874 shares during the period. Ethic Inc.'s holdings in Mondelez International were worth $15,131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC acquired a new position in Mondelez International during the first quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares in the last quarter. North Capital Inc. acquired a new stake in shares of Mondelez International during the 1st quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Mondelez International during the 2nd quarter worth $33,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mondelez International in a report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a report on Friday, October 17th. Morgan Stanley reduced their price target 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. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, 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. Twelve equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.22.

Mondelez International Stock Down 0.1%

MDLZ stock opened at $61.69 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a 50-day moving average of $62.25 and a two-hundred day moving average of $65.19. The stock has a market capitalization of $79.82 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 5.62 and a beta of 0.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.32.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International's dividend payout ratio is 73.26%.

Mondelez International 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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