Hoese & Co LLP Takes Position in Mondelez International, Inc. $MDLZ

Hoese & Co LLP purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International in the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. acquired a new stake in Mondelez International in the 1st quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Mondelez International in the 2nd quarter worth approximately $33,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MDLZ shares. Wells Fargo & Company reduced their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Barclays boosted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday. Finally, Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Thirteen 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 company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $70.84.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $62.46 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $62.22 and its two-hundred day moving average is $65.26. The company has a market cap of $80.82 billion, a P/E ratio of 22.88, a P/E/G ratio of 5.51 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company 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%. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

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.