Raymond James & Associates Buys 125,682 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Raymond James & Associates increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 3,408,242 shares of the company’s stock after purchasing an additional 125,682 shares during the quarter. Raymond James & Associates’ holdings in Mondelez International were worth $251,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. RFG Advisory LLC grew its stake in shares of Mondelez International by 10.8% in the 1st quarter. RFG Advisory LLC now owns 4,992 shares of the company’s stock valued at $349,000 after purchasing an additional 487 shares during the period. Congress Asset Management Co. MA raised its stake in Mondelez International by 0.6% during the first quarter. Congress Asset Management Co. MA now owns 138,050 shares of the company’s stock worth $9,663,000 after acquiring an additional 783 shares in the last quarter. Douglas Lane & Associates LLC raised its stake in Mondelez International by 8.7% during the first quarter. Douglas Lane & Associates LLC now owns 13,028 shares of the company’s stock worth $912,000 after acquiring an additional 1,045 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Mondelez International by 1.2% during the first quarter. Salem Investment Counselors Inc. now owns 96,412 shares of the company’s stock valued at $6,789,000 after acquiring an additional 1,151 shares during the period. Finally, Royal Fund Management LLC acquired a new stake in shares of Mondelez International in the 1st quarter valued at $876,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.6 %

Shares of MDLZ stock traded up $0.46 on Friday, hitting $71.58. 7,373,977 shares of the stock were exchanged, compared to its average volume of 6,796,242. The business has a 50-day moving average of $72.53 and a 200 day moving average of $69.61. Mondelez International, Inc. has a fifty-two week low of $63.66 and a fifty-two week high of $77.20. The firm has a market capitalization of $96.01 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. 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 (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating 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 company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDLZ shares. Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Piper Sandler decreased their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson lowered their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $78.88.

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.