Rehmann Capital Advisory Group Has $807,000 Stock Position in Mondelez International, Inc. $MDLZ

Rehmann Capital Advisory Group grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,971 shares of the company’s stock after acquiring an additional 797 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Mondelez International were worth $807,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MDLZ. Brighton Jones LLC boosted its position in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Mondelez International by 21.1% during the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,193 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Mondelez International by 58.2% during the 1st 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 last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Mondelez International by 138.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 97,692 shares of the company’s stock worth $6,628,000 after purchasing an additional 56,641 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Mondelez International by 2.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 650,607 shares of the company’s stock valued at $44,144,000 after acquiring an additional 12,576 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MDLZ. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. 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, Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Stock Performance

Mondelez International stock opened at $61.97 on Thursday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.32. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $62.25 and its two-hundred day moving average price is $65.17. The stock has a market cap of $80.19 billion, a PE ratio of 22.70, a P/E/G ratio of 5.53 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion for the quarter. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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 given 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 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 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.