A. D. Beadell Investment Counsel Inc. Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

A. D. Beadell Investment Counsel Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,816 shares of the company’s stock after selling 175 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Mondelez International were worth $1,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Romano Brothers AND Company lifted its holdings in Mondelez International by 3.0% in the second quarter. Romano Brothers AND Company now owns 7,902 shares of the company’s stock valued at $576,000 after acquiring an additional 229 shares during the period. Independent Wealth Network Inc. lifted its stake in shares of Mondelez International by 19.0% in the second quarter. Independent Wealth Network Inc. now owns 3,741 shares of the company’s stock valued at $273,000 after purchasing an additional 598 shares during the period. Keel Point LLC boosted its holdings in Mondelez International by 12.5% during the second quarter. Keel Point LLC now owns 3,468 shares of the company’s stock worth $253,000 after buying an additional 385 shares in the last quarter. Beacon Capital Management LLC grew its position in Mondelez International by 53.9% during the second quarter. Beacon Capital Management LLC now owns 879 shares of the company’s stock worth $64,000 after buying an additional 308 shares during the period. Finally, Country Trust Bank increased its holdings in Mondelez International by 24.7% in the second quarter. Country Trust Bank now owns 873 shares of the company’s stock valued at $64,000 after buying an additional 173 shares in the last quarter. 76.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Piper Sandler raised their price objective on Mondelez International from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. TD Cowen started coverage on shares of Mondelez International in a report on Wednesday, September 13th. They set an “outperform” rating and a $82.00 target price for the company. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Morgan Stanley lifted their price objective on Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, Barclays raised their price target on Mondelez International from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $77.63.

Mondelez International Trading Down 0.8 %

Mondelez International stock traded down $0.59 during midday trading on Tuesday, reaching $71.27. The stock had a trading volume of 1,594,379 shares, compared to its average volume of 5,997,633. The stock has a market capitalization of $96.96 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.65. The stock’s 50-day simple moving average is $72.25 and its 200 day simple moving average is $72.21. Mondelez International, Inc. has a twelve month low of $54.72 and a twelve month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Mondelez International had a return on equity of 15.49% and a net margin of 12.13%. The business had revenue of $8.51 billion during the quarter, compared to analysts’ expectations of $8.22 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.24 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.425 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.39%. Mondelez International’s payout ratio is presently 50.99%.

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.