Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,408,242 shares of the company’s stock after purchasing an additional 125,682 shares during the quarter. Raymond James & Associates owned approximately 0.25% of Mondelez International worth $251,085,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in Mondelez International in the first quarter valued at $1,686,000. Duality Advisers LP bought a new position in shares of Mondelez International in the first quarter worth $4,528,000. BDF Gestion acquired a new position in shares of Mondelez International during the second quarter valued at $6,690,000. M&G Plc bought a new stake in shares of Mondelez International during the first quarter valued at about $12,010,000. Finally, Advisory Services Network LLC lifted its holdings in Mondelez International by 35.3% in the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock worth $4,228,000 after purchasing an additional 15,746 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.6 %

NASDAQ:MDLZ traded up $0.46 during mid-day trading on Friday, reaching $71.58. The stock had a trading volume of 7,373,977 shares, compared to its average volume of 6,796,242. The stock has a market cap of $96.01 billion, a P/E ratio of 22.72, a PEG ratio of 2.87 and a beta of 0.54. The business’s 50 day moving average is $72.53 and its 200 day moving average is $69.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a fifty-two week low of $63.66 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s quarterly 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, sell-side analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research analyst reports. DA Davidson lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Evercore ISI boosted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. 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. Finally, Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.88.

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.