Wilmington Savings Fund Society FSB Grows Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Mondelez International, raising its holdings by 4.1% in the second quarter, totaling $8,227,000 in value.
• Analysts currently have a consensus rating of "Moderate Buy" for Mondelez International, with price targets varying from $71.55 to $77.00.
• Mondelez International recently announced a quarterly dividend of $0.50, reflecting an annualized yield of 3.3%, which is an increase from its previous dividend of $0.47.

Wilmington Savings Fund Society FSB raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,983 shares of the company's stock after purchasing an additional 4,763 shares during the period. Wilmington Savings Fund Society FSB's holdings in Mondelez International were worth $8,227,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDLZ. Abound Financial LLC bought a new position in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in 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 worth $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. purchased a new stake in Mondelez International during the first quarter valued at about $31,000. Finally, Financial Connections Group Inc. bought a new stake in Mondelez International during the second quarter worth about $33,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Mondelez International in a report on Saturday, September 27th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Wells Fargo & Company lowered their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target for the company. Finally, Barclays boosted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.55.

Mondelez International Price Performance

MDLZ stock opened at $61.17 on Tuesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The company has a market cap of $79.15 billion, a P/E ratio of 22.41, a PEG ratio of 4.65 and a beta of 0.45. The firm has a 50-day moving average of $62.24 and a 200 day moving average of $65.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

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 for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis 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 is currently 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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