PKO Investment Management Joint Stock Co Invests $3.17 Million in Mondelez International, Inc. $MDLZ

PKO Investment Management Joint Stock Co acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 47,000 shares of the company’s stock, valued at approximately $3,170,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hemington Wealth Management boosted its holdings in Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after purchasing an additional 156 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after purchasing an additional 160 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares in the last quarter. Enterprise Bank & Trust Co boosted its holdings in Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after purchasing an additional 170 shares in the last quarter. Finally, Sage Private Wealth Group LLC boosted its holdings in Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after purchasing an additional 175 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.4%

Mondelez International stock opened at $60.77 on Friday. 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 firm has a market capitalization of $78.63 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 5.46 and a beta of 0.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The stock’s fifty day moving average is $62.22 and its two-hundred day moving average is $65.11.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 firm had revenue of $7.30 billion during the quarter. 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 issued a dividend of $0.50 per share. 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 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is 73.26%.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Piper Sandler raised their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein increased their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

Mondelez International 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.