Lee Danner & Bass Inc. Invests $14.20 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Lee Danner & Bass Inc. bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 216,995 shares of the company’s stock, valued at approximately $14,200,000. Mondelez International makes up about 1.1% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. SageView Advisory Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $907,000. AGF Management Ltd. grew its position in shares of Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after buying an additional 429,936 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after buying an additional 16,450 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Mondelez International in the 1st quarter valued at about $1,686,000. Finally, Schroder Investment Management Group grew its position in shares of Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after buying an additional 168,639 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Bank of America cut their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler cut their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, TD Cowen cut their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Up 1.5 %

Shares of Mondelez International stock traded up $1.08 on Friday, hitting $71.81. The company had a trading volume of 6,158,240 shares, compared to its average volume of 7,032,253. The stock has a market capitalization of $96.32 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The stock has a 50 day moving average of $68.04 and a 200-day moving average of $69.27. 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 issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a dividend of $0.47 per share. 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 2.62%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.