Mondelez International, Inc. $MDLZ Position Lifted by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 53.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,795 shares of the company’s stock after acquiring an additional 2,024 shares during the period. Sage Mountain Advisors LLC’s holdings in Mondelez International were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Abound Financial LLC acquired a new position in Mondelez International in the first quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the 1st quarter worth approximately $26,000. North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $33,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Sanford C. Bernstein raised their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. UBS Group reduced their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Morgan Stanley dropped their price objective on shares of 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, Stifel Nicolaus lifted their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Price Performance

NASDAQ MDLZ opened at $60.77 on Friday. The company has a 50-day moving average price of $62.22 and a two-hundred day moving average price of $65.12. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The stock has a market cap of $78.63 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is presently 73.26%.

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.