Fifth Third Wealth Advisors LLC Purchases 10,831 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fifth Third Wealth Advisors LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 301.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,421 shares of the company’s stock after buying an additional 10,831 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Mondelez International were worth $944,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MDLZ. Aaron Wealth Advisors LLC boosted its holdings in Mondelez International by 20.3% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 13,211 shares of the company’s stock valued at $865,000 after acquiring an additional 2,233 shares during the period. Investment House LLC lifted its position in Mondelez International by 1.6% in the second quarter. Investment House LLC now owns 96,941 shares of the company’s stock valued at $6,344,000 after purchasing an additional 1,555 shares during the last quarter. Legacy Capital Group California Inc. purchased a new stake in shares of Mondelez International during the second quarter valued at approximately $687,000. Focus Financial Network Inc. grew its holdings in shares of Mondelez International by 8.6% in the second quarter. Focus Financial Network Inc. now owns 4,715 shares of the company’s stock worth $316,000 after purchasing an additional 372 shares during the last quarter. Finally, Liberty One Investment Management LLC increased its stake in shares of Mondelez International by 4.3% in the second quarter. Liberty One Investment Management LLC now owns 341,893 shares of the company’s stock worth $22,374,000 after buying an additional 13,995 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MDLZ. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. DA Davidson dropped their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Evercore ISI lowered their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Up 0.2 %

MDLZ traded up $0.12 during trading hours on Wednesday, reaching $71.10. 3,845,177 shares of the company’s stock traded hands, compared to its average volume of 7,145,739. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $67.44 and a 200 day moving average price of $69.38. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm has a market capitalization of $95.37 billion, a PE ratio of 22.57, a PEG ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the business posted $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

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.