Pathway Financial Advisers LLC Invests $97,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Pathway Financial Advisers LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,380 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Mondelez International during the fourth quarter valued at about $1,231,413,000. Vanguard Group Inc. grew its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after buying an additional 6,696,897 shares during the period. Capital Research Global Investors grew its position in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the period. First Trust Advisors LP grew its position in Mondelez International by 152.3% during the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after buying an additional 2,483,972 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Barclays reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. DA Davidson cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Piper Sandler increased their target price on shares of Mondelez International from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.06.

Mondelez International Price Performance

MDLZ traded up $2.37 on Friday, reaching $70.68. The company had a trading volume of 10,309,048 shares, compared to its average volume of 6,749,539. The business has a 50 day simple moving average of $66.81 and a 200 day simple moving average of $69.82. The company has a market cap of $94.81 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. 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 2.66%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

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.