Mondelez International, Inc. $MDLZ Shares Purchased by McKinley Carter Wealth Services Inc.

Key Points

• McKinley Carter Wealth Services Inc. increased its holdings in Mondelez International, acquiring an additional 8,330 shares and making its total ownership reach 33,361 shares, valued at $2.25 million.
• Mondelez recently announced a dividend increase, raising it from $0.47 to $0.50 per share, with a current yield of 3.3%.
• Market analysts remain optimistic about Mondelez, with a consensus rating of "Moderate Buy" and an average price target of $71.55.

McKinley Carter Wealth Services Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,361 shares of the company's stock after purchasing an additional 8,330 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in Mondelez International were worth $2,250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Mondelez International by 90.1% in 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 acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new position in shares of Mondelez International in the first quarter worth $866,843,000. Goldman Sachs Group Inc. raised its holdings in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Mondelez International in the first quarter worth $189,930,000. Finally, Natixis Advisors LLC raised its holdings in shares of Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after acquiring an additional 1,775,570 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $61.00 on Friday. The firm has a market capitalization of $78.93 billion, a PE ratio of 22.34, a P/E/G ratio of 4.67 and a beta of 0.45. 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 business has a 50-day moving average of $62.33 and a two-hundred day moving average of $65.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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 return on equity of 15.35% and a net margin of 9.84%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is currently 73.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target for the company. UBS Group lowered their price objective on Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley lowered their price objective on Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Monday. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Mondelez International in a research report on Saturday, September 27th. Fourteen equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.55.

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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