Journey Advisory Group LLC Increases Holdings in Mondelez International, Inc. $MDLZ

Journey Advisory Group LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,367 shares of the company’s stock after buying an additional 989 shares during the quarter. Journey Advisory Group LLC’s holdings in Mondelez International were worth $3,060,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC purchased a new stake in Mondelez International in the 1st quarter worth about $866,843,000. Goldman Sachs Group Inc. raised its position in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Natixis Advisors LLC raised its position in Mondelez International by 148.6% in the 1st quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. raised its position in Mondelez International by 659.9% in the 1st quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company’s stock worth $101,988,000 after purchasing an additional 1,305,332 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. 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 research report on Wednesday, July 30th. Morgan Stanley decreased their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Wells Fargo & Company decreased their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Stifel Nicolaus lifted their target price on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, October 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $70.84.

Mondelez International Stock Up 1.4%

NASDAQ:MDLZ opened at $62.46 on Monday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.82. The company has a 50-day moving average of $62.22 and a 200 day moving average of $65.24. The firm has a market cap of $80.82 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share 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 anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. 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. Mondelez International’s payout ratio is currently 73.26%.

Mondelez International Company 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.