Klingenstein Fields & Co. LP Has $17.78 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Klingenstein Fields & Co. LP boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,678 shares of the company’s stock after buying an additional 2,916 shares during the period. Klingenstein Fields & Co. LP’s holdings in Mondelez International were worth $17,779,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International in the second quarter valued at about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International in the second quarter valued at about $29,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Sanford C. Bernstein dropped their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Bank of America lowered their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Trading Up 1.5 %

MDLZ traded up $1.08 during trading on Monday, reaching $71.81. 6,158,400 shares of the stock traded hands, compared to its average volume of 7,032,254. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average is $68.15 and its 200 day moving average is $69.23. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a market capitalization of $96.32 billion, a PE ratio of 22.80, a P/E/G ratio of 2.90 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its 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. The company 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%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.62%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 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.