Mattern Capital Management LLC Purchases 266 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mattern Capital Management LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 111,195 shares of the company’s stock after buying an additional 266 shares during the period. Mattern Capital Management LLC’s holdings in Mondelez International were worth $7,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Stablepoint Partners LLC increased its stake in Mondelez International by 7.8% in the 2nd quarter. Stablepoint Partners LLC now owns 38,725 shares of the company’s stock worth $2,598,000 after acquiring an additional 2,816 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Mondelez International by 13.4% in the second quarter. Foundations Investment Advisors LLC now owns 3,565 shares of the company’s stock worth $233,000 after purchasing an additional 421 shares during the last quarter. Simon Quick Advisors LLC raised its stake in Mondelez International by 36.8% in the second quarter. Simon Quick Advisors LLC now owns 6,465 shares of the company’s stock valued at $423,000 after purchasing an additional 1,740 shares in the last quarter. Weaver Capital Management LLC raised its stake in Mondelez International by 20.1% in the second quarter. Weaver Capital Management LLC now owns 22,341 shares of the company’s stock valued at $1,462,000 after purchasing an additional 3,746 shares in the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in Mondelez International during the second quarter valued at approximately $1,406,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $75.27 on Thursday. The stock has a market capitalization of $100.96 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.90 and a beta of 0.53. The firm’s 50-day moving average price is $68.48 and its two-hundred day moving average price is $69.27. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.5 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 paid a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays dropped their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Piper Sandler reduced their price objective 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, 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 research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.61.

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.