American National Bank Buys Shares of 1,016 Mondelez International, Inc. (NASDAQ:MDLZ)

American National Bank bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,016 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds have also made changes to their positions in the stock. Bogart Wealth LLC increased its holdings in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Mondelez International in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International in the second quarter worth about $27,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth about $29,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. TD Cowen dropped their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Evercore ISI decreased their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Bank of America cut their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Price Performance

MDLZ traded down $0.27 during midday trading on Thursday, reaching $70.83. 3,604,198 shares of the company’s stock were exchanged, compared to its average volume of 7,114,479. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The firm has a market capitalization of $95.01 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The business has a 50-day simple moving average of $67.44 and a two-hundred day simple moving average of $69.38. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating 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 business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current 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 $0.47 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. Mondelez International’s payout ratio is 59.68%.

About Mondelez International

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.