RFG Advisory LLC Boosts Position in Mondelez International, Inc. $MDLZ

RFG Advisory LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,403 shares of the company’s stock after buying an additional 867 shares during the quarter. RFG Advisory LLC’s holdings in Mondelez International were worth $432,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. purchased a new position in shares of Mondelez International during the 1st quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Mondelez International during the 2nd quarter valued at approximately $33,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.46 on Friday. The firm has a market cap of $80.82 billion, a PE ratio of 22.88, a PEG ratio of 5.58 and a beta of 0.45. The firm has a fifty day moving average of $62.22 and a 200 day moving average of $65.26. 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 one year low of $53.95 and a one year high of $71.82.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is presently 73.26%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MDLZ shares. Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company cut their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.84.

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.