Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Summit Financial LLC

Summit Financial LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 96.6% during the second quarter, HoldingsChannel.com reports. The firm owned 18,563 shares of the company’s stock after buying an additional 9,122 shares during the period. Summit Financial LLC’s holdings in Mondelez International were worth $1,223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in Mondelez International in the 4th quarter valued at $1,231,413,000. Vanguard Group Inc. boosted its position in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares during the period. Capital Research Global Investors boosted its position in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after acquiring an additional 6,426 shares. 928 shares during the period. First Trust Advisors LP boosted its position in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after acquiring an additional 2,483 shares. .972 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares during the period. 78.32% of shares are owned by institutional investors and hedge funds.

The Wall Street analyst weighs in

A number of research analysts have issued reports on MDLZ shares. Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Stifel Nicolaus decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Evercore ISI reduced their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Finally, Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Moderate Buy” and a consensus price target of $78.61, based on data from MarketBeat.com.

Read our latest analysis of Mondelez International

Performance of Mondelez International Shares

Shares of MDLZ stock opened at $71.81 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.68, and a debt-to-equity ratio of 0.58. The company has a market cap of $96.32 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.90 and a beta of 0.53. Mondelez International, Inc. it has a 12-month low of $60.75 and a 12-month high of $77.20. The firm has a 50 day moving average of $68.15 and a two hundred day moving average of $69.23.

Mondelez International (NASDAQ:MDLZ – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the firm earned $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International raises dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30. This represents a dividend of $1.88 on an annualized basis and a dividend yield of 2.62%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Mondelez International Profile

(Free report)

Mondelez International, Inc, through its subsidiaries, manufactures, markets and sells snack foods and beverages in Latin America, North America, Asia, the Middle East, Africa and Europe. Offers baked cookies and snacks, including cookies, crackers, savory snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheeses and powdered food and beverage products.

See Also

Want to see what other hedge funds own MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).

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