Banque Cantonale Vaudoise Buys 7,277 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Banque Cantonale Vaudoise raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 44,120 shares of the company’s stock after purchasing an additional 7,277 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Mondelez International were worth $2,887,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC raised its position in Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Mondelez International in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the second quarter worth $29,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.5 %

Shares of Mondelez International stock traded up $1.08 during trading hours on Friday, hitting $71.81. The company’s stock had a trading volume of 6,158,437 shares, compared to its average volume of 7,032,253. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a 50 day moving average of $68.15 and a 200 day moving average of $69.26. The company has a market capitalization of $96.32 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. Analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MDLZ shares. Piper Sandler dropped their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Evercore ISI dropped their target price 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. Bank of America dropped their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. TD Cowen dropped their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, 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 target price for the company. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

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.