Blue Square Asset Management LLC Buys 1,998 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Blue Square Asset Management LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,676 shares of the company’s stock after buying an additional 1,998 shares during the quarter. Blue Square Asset Management LLC’s holdings in Mondelez International were worth $1,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. International Assets Investment Management LLC increased its position in Mondelez International by 10.4% during the 4th quarter. International Assets Investment Management LLC now owns 10,506 shares of the company’s stock valued at $761,000 after purchasing an additional 987 shares during the period. Avantax Advisory Services Inc. increased its position in Mondelez International by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 46,618 shares of the company’s stock valued at $3,377,000 after purchasing an additional 1,541 shares during the period. Advisor OS LLC increased its position in Mondelez International by 70.7% during the 4th quarter. Advisor OS LLC now owns 5,617 shares of the company’s stock valued at $407,000 after purchasing an additional 2,327 shares during the period. Quotient Wealth Partners LLC purchased a new position in Mondelez International during the 4th quarter valued at about $311,000. Finally, Westpac Banking Corp increased its position in Mondelez International by 10.9% during the 4th quarter. Westpac Banking Corp now owns 10,844 shares of the company’s stock valued at $785,000 after purchasing an additional 1,068 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $75.13 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a 50 day simple moving average of $69.23 and a two-hundred day simple moving average of $69.30. The stock has a market cap of $100.78 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the business posted $0.76 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts predict that Mondelez International, Inc. will post 3.49 earnings per share 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 paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MDLZ shares. Bank of America cut their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. TD Cowen cut their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Evercore ISI cut their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.