Mondelez International, Inc. $MDLZ Position Raised by Inspire Investing LLC

Inspire Investing LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 836.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 43,024 shares of the company’s stock after buying an additional 38,428 shares during the quarter. Inspire Investing LLC’s holdings in Mondelez International were worth $2,902,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International in the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after buying an additional 346 shares during the last quarter. North Capital Inc. bought a new stake in Mondelez International in the first quarter valued at $31,000. Finally, Saudi Central Bank bought a new stake in Mondelez International in the first quarter valued at $36,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MDLZ. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $71.55.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $61.45 on Friday. The business’s 50-day moving average price is $62.28 and its 200 day moving average price is $65.45. The firm has a market cap of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

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.