Mondelez International, Inc. $MDLZ Shares Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC significantly increased its stake in Mondelez International by 836.1%, owning 43,024 shares worth approximately $2.9 million as of the latest quarter.
• Analyst ratings for Mondelez International show a consensus of "Moderate Buy," with a target price averaging $71.55. Barclays and Stifel Nicolaus both raised their price objectives to $77.00 and $76.00, respectively.
• Mondelez International announced a quarterly dividend increase to $0.50 per share, representing an annualized yield of 3.3%, with the payment date set for October 14th.

Inspire Investing LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 836.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,024 shares of the company's stock after purchasing an additional 38,428 shares during the quarter. Inspire Investing LLC's holdings in Mondelez International were worth $2,902,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. purchased a new position in Mondelez International in the 1st quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new position in Mondelez International in the 1st quarter valued at about $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price objective on the stock. Piper Sandler increased their price objective on shares of 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 on the stock in a report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.55.

Mondelez International Stock Up 0.7%

MDLZ stock opened at $61.45 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. 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 company has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45. The firm has a 50 day simple moving average of $62.28 and a 200-day simple moving average of $65.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share 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 during the quarter. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is 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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