Nisa Investment Advisors LLC Has $28.76 Million Stock Position in Mondelez International, Inc. $MDLZ

Nisa Investment Advisors LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 423,557 shares of the company’s stock after purchasing an additional 5,091 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mondelez International were worth $28,764,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC grew its stake in Mondelez International by 10.6% during the second quarter. Resonant Capital Advisors LLC now owns 10,219 shares of the company’s stock worth $694,000 after buying an additional 979 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Mondelez International by 64.0% during the second quarter. Wealthfront Advisers LLC now owns 126,504 shares of the company’s stock valued at $8,531,000 after purchasing an additional 49,384 shares during the last quarter. Whipplewood Advisors LLC raised its position in Mondelez International by 34.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,403 shares of the company’s stock worth $95,000 after purchasing an additional 356 shares during the last quarter. Brighton Jones LLC lifted its holdings in Mondelez International by 3.5% during the 2nd quarter. Brighton Jones LLC now owns 24,818 shares of the company’s stock worth $1,674,000 after buying an additional 847 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in Mondelez International by 1.0% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 64,152 shares of the company’s stock valued at $4,326,000 after buying an additional 639 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. UBS Group reduced their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Finally, Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Trading Down 0.4%

MDLZ stock opened at $60.77 on Friday. 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 debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a fifty day moving average price of $62.22 and a two-hundred day moving average price of $65.12. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15.

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 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion during the quarter. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

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

Mondelez International 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.