Lake Street Advisors Group LLC Has $828,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Lake Street Advisors Group LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,167 shares of the company’s stock after purchasing an additional 597 shares during the period. Lake Street Advisors Group LLC’s holdings in Mondelez International were worth $828,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Capital Research Global Investors raised its holdings in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Wulff Hansen & CO. increased its stake in Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $69.23 on Friday. The company has a market capitalization of $92.86 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $64.18 and a twelve month high of $77.20. The stock has a fifty day simple moving average of $72.55 and a 200 day simple moving average of $69.67. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America increased their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Citigroup raised their price target on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.35.

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.