Thrivent Financial for Lutherans Has $5.94 Million Stock Position in Mondelez International, Inc. $MDLZ

Thrivent Financial for Lutherans grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,876 shares of the company’s stock after acquiring an additional 21,238 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mondelez International were worth $5,935,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the period. Wellington Management Group LLP raised its stake in shares of Mondelez International by 46.7% in the 1st quarter. Wellington Management Group LLP now owns 571,759 shares of the company’s stock valued at $38,794,000 after buying an additional 182,026 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Mondelez International during the 1st quarter worth about $268,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Mondelez International by 36.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 13,071 shares of the company’s stock valued at $887,000 after acquiring an additional 3,484 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in Mondelez International by 3.1% in the first quarter. United Asset Strategies Inc. now owns 15,308 shares of the company’s stock valued at $1,039,000 after acquiring an additional 457 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays cut their price target on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Mizuho dropped their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Finally, DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.58.

Mondelez International Price Performance

Shares of MDLZ stock opened at $54.50 on Friday. The firm’s 50 day moving average price is $57.28 and its two-hundred day moving average price is $62.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The stock has a market cap of $70.32 billion, a PE ratio of 20.41 and a beta of 0.39.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders 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 dividend on an annualized basis and a yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.