Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,187 shares of the company’s stock after purchasing an additional 3,252 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Mondelez International were worth $10,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Searle & CO. grew its holdings in Mondelez International by 7.4% during the 2nd quarter. Searle & CO. now owns 13,225 shares of the company’s stock worth $865,000 after acquiring an additional 906 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Mondelez International during the 2nd quarter worth approximately $4,539,000. Kings Path Partners LLC acquired a new position in Mondelez International during the 2nd quarter worth approximately $1,164,000. Moloney Securities Asset Management LLC grew its holdings in Mondelez International by 6.3% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 8,786 shares of the company’s stock worth $575,000 after acquiring an additional 524 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Mondelez International by 1.9% during the 2nd quarter. International Assets Investment Management LLC now owns 9,274 shares of the company’s stock worth $607,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MDLZ shares. DA Davidson lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. TD Cowen decreased their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note 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 research note on Tuesday, June 4th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Piper Sandler decreased their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Price Performance

Shares of MDLZ stock traded up $1.08 during midday trading on Friday, reaching $71.81. 6,158,437 shares of the company traded hands, compared to its average volume of 7,032,253. The firm’s 50 day simple moving average is $68.04 and its two-hundred day simple moving average is $69.27. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market cap of $96.32 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the company posted $0.76 EPS. The company’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.62%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

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.