Folger Nolan Fleming Douglas Capital Management Inc. Boosts Holdings in Mondelez International, Inc. $MDLZ

Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 185.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,819 shares of the company’s stock after purchasing an additional 12,880 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Mondelez International were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. State Street Corp increased its stake in Mondelez International by 1.1% in the 2nd quarter. State Street Corp now owns 59,446,397 shares of the company’s stock valued at $4,036,594,000 after purchasing an additional 670,634 shares in the last quarter. Geode Capital Management LLC increased its position in Mondelez International by 0.8% during the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after buying an additional 242,695 shares in the last quarter. Norges Bank purchased a new position in Mondelez International during the second quarter worth $1,239,834,000. Invesco Ltd. raised its holdings in shares of Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after acquiring an additional 1,345,078 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Mondelez International by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 8,096,303 shares of the company’s stock valued at $546,015,000 after acquiring an additional 145,442 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America dropped their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Thursday, October 2nd. Wells Fargo & Company lowered their target price on shares of Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Finally, TD Cowen reduced their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.11.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.73 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The firm has a market capitalization of $74.49 billion, a price-to-earnings ratio of 21.62 and a beta of 0.39. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The company has a 50 day moving average price of $55.50 and a 200 day moving average price of $59.87.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). The company had revenue of $9.74 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

Mondelez International Profile

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.