Sagespring Wealth Partners LLC Acquires 4,213 Shares of Mondelez International, Inc. $MDLZ

Sagespring Wealth Partners LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 46.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,378 shares of the company's stock after acquiring an additional 4,213 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Mondelez International were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its position in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after purchasing an additional 1,013 shares during the period. Canopy Partners LLC grew its holdings in shares of Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock worth $1,140,000 after acquiring an additional 2,876 shares during the period. TCW Group Inc. grew its holdings in shares of Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after acquiring an additional 1,075 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after acquiring an additional 4,002 shares during the period. Finally, CORDA Investment Management LLC. grew its holdings in shares of Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock worth $38,920,000 after acquiring an additional 8,456 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.8%

Shares of Mondelez International stock opened at $61.66 on Thursday. The company has a market capitalization of $79.78 billion, a P/E ratio of 22.59, a P/E/G 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 company has a fifty day moving average of $62.23 and a 200 day moving average of $65.34. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.35.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on MDLZ. JPMorgan Chase & Co. began coverage on Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Jefferies Financial Group upgraded shares of 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 report on Thursday, July 17th. Weiss Ratings restated a "hold (c)" rating on shares of Mondelez International in a research report on Tuesday. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Barclays boosted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.89.

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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