Boston Financial Mangement LLC Has $2.87 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Boston Financial Mangement LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,853 shares of the company’s stock after purchasing an additional 1,764 shares during the period. Boston Financial Mangement LLC’s holdings in Mondelez International were worth $2,870,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Key Financial Inc grew its position in Mondelez International by 8.0% in the second quarter. Key Financial Inc now owns 14,715 shares of the company’s stock valued at $963,000 after acquiring an additional 1,084 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $14,200,000. Azzad Asset Management Inc. ADV grew its holdings in shares of Mondelez International by 21.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 73,384 shares of the company’s stock valued at $4,802,000 after purchasing an additional 13,079 shares during the last quarter. Signaturefd LLC boosted its position in Mondelez International by 1.1% in the second quarter. Signaturefd LLC now owns 33,502 shares of the company’s stock valued at $2,192,000 after buying an additional 365 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its position in Mondelez International by 10.4% during the 2nd quarter. KCM Investment Advisors LLC now owns 11,578 shares of the company’s stock worth $758,000 after acquiring an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 1.5 %

Shares of NASDAQ MDLZ traded up $1.08 during mid-day trading on Friday, hitting $71.81. 6,158,240 shares of the stock traded hands, compared to its average volume of 7,032,253. The company has a market cap of $96.32 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.76 and a beta of 0.53. The stock has a fifty day moving average price of $68.04 and a 200-day moving average price of $69.27. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. 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 (NASDAQ:MDLZ) last released its 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 net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the firm earned $0.76 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. Research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.62%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research reports. Wells Fargo & Company cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Stifel Nicolaus decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. 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 report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Piper Sandler cut their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.