Ritholtz Wealth Management Acquires 6,228 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Ritholtz Wealth Management increased its investment in Mondelez International by 15.2%, acquiring an additional 6,228 shares, bringing its total holdings to 47,177 shares valued at approximately $3.18 million.
• Mondelez International announced a quarterly dividend of $0.50 per share, increasing its annualized dividend to $2.00, representing a dividend yield of 3.2%.
• Market analysts have mixed views on Mondelez, with several price target adjustments: Wells Fargo revised its target from $78.00 to $74.00 while Jefferies increased theirs from $66.00 to $78.00, showing overall analyst consensus as a "Moderate Buy."

Ritholtz Wealth Management increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,177 shares of the company's stock after purchasing an additional 6,228 shares during the period. Ritholtz Wealth Management's holdings in Mondelez International were worth $3,182,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Kingswood Wealth Advisors LLC lifted its stake in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after buying an additional 1,013 shares in the last quarter. Canopy Partners LLC lifted its stake in Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after buying an additional 2,876 shares in the last quarter. TCW Group Inc. lifted its stake in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after buying an additional 1,075 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after acquiring an additional 4,002 shares in the last quarter. Finally, CORDA Investment Management LLC. lifted its position in Mondelez International by 1.5% in the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock valued at $38,920,000 after acquiring an additional 8,456 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ opened at $61.66 on Thursday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.35. The firm has a market capitalization of $79.78 billion, a PE ratio of 22.59, a PEG ratio of 5.55 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The business's 50-day simple moving average is $62.23 and its 200 day simple moving average is $65.34.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.30 billion for the quarter. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

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

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. initiated coverage on Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Weiss Ratings restated a "hold (c)" rating on shares of Mondelez International in a research note on Tuesday. Finally, UBS Group cut their target price on Mondelez International from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.89.

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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