AlTi Global Inc. Has $3.10 Million Holdings in Mondelez International, Inc. $MDLZ

AlTi Global Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% in the 2nd quarter, Holdings Channel reports. The firm owned 45,691 shares of the company’s stock after buying an additional 3,047 shares during the quarter. AlTi Global Inc.’s holdings in Mondelez International were worth $3,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at $26,000. North Capital Inc. acquired a new stake in shares of Mondelez International in the 1st quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $33,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.01 on Friday. The firm’s 50-day moving average is $62.24 and its 200-day moving average is $65.14. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The company has a market cap of $78.94 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 5.55 and a beta of 0.45.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. 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 dividend payout ratio (DPR) is currently 73.26%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Sanford C. Bernstein boosted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, Morgan Stanley cut their target price 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. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

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.