Cwm LLC Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Cwm LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,703 shares of the company’s stock after buying an additional 9,208 shares during the quarter. Cwm LLC’s holdings in Mondelez International were worth $7,566,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Mondelez International during the 1st quarter worth about $1,686,000. Alaska Permanent Fund Corp increased its position in Mondelez International by 76.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after purchasing an additional 27,370 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in Mondelez International during the 4th quarter worth about $5,290,000. Duality Advisers LP purchased a new stake in Mondelez International during the 1st quarter worth about $4,528,000. Finally, BDF Gestion purchased a new stake in Mondelez International during the 2nd quarter worth about $6,690,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $70.66 on Friday. The company has a market cap of $94.39 billion, a P/E ratio of 24.28, a PEG ratio of 2.87 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The business’s 50-day simple moving average is $72.33 and its 200 day simple moving average is $69.56.

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 business 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%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced 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 an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 64.60%.

Analyst Ratings Changes

A number of research firms recently commented on MDLZ. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Citigroup raised their price target on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.41.

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.