Angeles Wealth Management LLC Invests $246,000 in Mondelez International, Inc. $MDLZ

Angeles Wealth Management LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,645 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors have also added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new stake in shares of Mondelez International in the first quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake 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 last quarter. North Capital Inc. purchased a new stake in shares of Mondelez International in the first quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Mondelez International in the second quarter worth $33,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler increased their target price on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.84.

Mondelez International Stock Performance

MDLZ stock opened at $62.46 on Friday. The company has a market cap of $80.82 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock’s fifty day moving average price is $62.22 and its 200-day moving average price is $65.26.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders 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. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. 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.