Brighton Jones LLC Raises Holdings in Mondelez International, Inc. $MDLZ

Brighton Jones LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 24,818 shares of the company’s stock after buying an additional 847 shares during the quarter. Brighton Jones LLC’s holdings in Mondelez International were worth $1,674,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Abound Financial LLC bought a new position in Mondelez International during the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the 1st quarter valued at approximately $26,000. North Capital Inc. bought a new position in Mondelez International during the 1st quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new position in Mondelez International during the 2nd quarter valued at approximately $33,000. Finally, Saudi Central Bank bought a new position in Mondelez International during the 1st quarter valued at approximately $36,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore ISI lowered their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Piper Sandler increased their target price on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

Mondelez International Stock Down 0.4%

Shares of NASDAQ:MDLZ opened at $60.77 on Monday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The firm has a market capitalization of $78.63 billion, a P/E ratio of 22.26, a P/E/G ratio of 5.44 and a beta of 0.45. The stock has a 50 day moving average price of $62.22 and a 200-day moving average price of $65.11. 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 (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

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.