Clarendon Private LLC Buys 1,289 Shares of Mondelez International, Inc. $MDLZ

Clarendon Private LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,937 shares of the company’s stock after acquiring an additional 1,289 shares during the period. Clarendon Private LLC’s holdings in Mondelez International were worth $468,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 worth $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. bought a new position in shares of Mondelez International in the first quarter worth $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Mondelez International in the second quarter worth $33,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Piper Sandler increased their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company lowered their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $71.55.

Mondelez International Trading Up 0.7%

Shares of MDLZ stock opened at $61.45 on Friday. The company has a market capitalization of $79.51 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70. The business’s fifty day moving average is $62.28 and its 200 day moving average is $65.45.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business 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%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced 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. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is currently 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.