Nicholson Wealth Management Group LLC Buys 266 Shares of Mondelez International, Inc. $MDLZ

Nicholson Wealth Management Group LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,841 shares of the company’s stock after purchasing an additional 266 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Mondelez International were worth $1,608,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Kingswood Wealth Advisors LLC boosted its position in Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares during the period. Canopy Partners LLC boosted its position in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the period. TCW Group Inc. boosted its position in Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. Flagship Harbor Advisors LLC boosted its position in Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after purchasing an additional 4,002 shares during the period. Finally, CORDA Investment Management LLC. boosted its position in Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after purchasing an additional 8,456 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of research reports. Evercore ISI cut their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein increased their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.84.

Mondelez International Price Performance

MDLZ stock opened at $62.46 on Friday. The firm has a 50 day moving average of $62.22 and a 200-day moving average of $65.26. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82. The firm has a market capitalization of $80.82 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 5.51 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. 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 announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International’s payout ratio is 73.26%.

Mondelez International 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.