Transcend Capital Advisors LLC Raises Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Transcend Capital Advisors LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,864 shares of the company’s stock after purchasing an additional 5,265 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Mondelez International were worth $1,823,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MDLZ. Bogart Wealth LLC increased its holdings in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in Mondelez International in the 4th quarter valued at $26,000. HHM Wealth Advisors LLC acquired a new stake in Mondelez International in the 4th quarter valued at $29,000. Transcendent Capital Group LLC acquired a new stake in Mondelez International in the 4th quarter valued at $34,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Mondelez International in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Stifel Nicolaus lowered their price target 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 reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Sandler increased their price target on shares of Mondelez International from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.06.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $2.37 during midday trading on Friday, hitting $70.68. 10,309,048 shares of the company’s stock were exchanged, compared to its average volume of 6,749,539. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. The stock’s 50 day moving average price is $66.81 and its 200-day moving average price is $69.80. The firm has a market cap of $94.81 billion, a P/E ratio of 22.44, a PEG ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases 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 issued a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.66%. Mondelez International’s payout ratio is presently 53.97%.

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.