PDS Planning Inc Grows Stock Holdings in Mondelez International, Inc. $MDLZ

PDS Planning Inc raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,980 shares of the company’s stock after purchasing an additional 464 shares during the period. PDS Planning Inc’s holdings in Mondelez International were worth $471,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in shares of Mondelez International in the first quarter worth about $866,843,000. Invesco Ltd. increased its holdings in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after buying an additional 137,604 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Mondelez International by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after buying an additional 89,362 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $61.45 on Friday. The stock’s 50 day simple moving average is $62.28 and its two-hundred day simple moving average is $65.45. 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 stock has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 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 $72.70.

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 business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 73.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MDLZ. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. started coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Morgan Stanley cut their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Finally, Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $71.55.

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.