Orion Porfolio Solutions LLC Grows Holdings in Mondelez International, Inc. $MDLZ

Orion Porfolio Solutions LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,733 shares of the company’s stock after acquiring an additional 17,088 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Mondelez International were worth $13,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Soundwatch Capital LLC acquired a new stake in Mondelez International in the second quarter worth about $27,000. Rossby Financial LCC increased its holdings in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC increased its position in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. 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 bought a new position in shares of Mondelez International in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $54.04 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a 1 year low of $53.13 and a 1 year high of $71.15. The stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 20.24 and a beta of 0.39. The company’s 50 day simple moving average is $58.02 and its 200 day simple moving average is $62.63.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.7%. Mondelez International’s dividend payout ratio is 74.91%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Morgan Stanley decreased their price objective on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday. Mizuho dropped their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Finally, DA Davidson decreased their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.95.

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.