Axxcess Wealth Management LLC Purchases 5,906 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 69,593 shares of the company’s stock after purchasing an additional 5,906 shares during the period. Axxcess Wealth Management LLC’s holdings in Mondelez International were worth $4,554,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SageView Advisory Group LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $907,000. Gotham Asset Management LLC boosted its stake in shares of Mondelez International by 10.4% in the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after acquiring an additional 16,450 shares during the period. GSA Capital Partners LLP bought a new position in shares of Mondelez International in the first quarter worth about $1,686,000. Schroder Investment Management Group grew its position in shares of Mondelez International by 35.1% during the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after purchasing an additional 168,639 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Mondelez International by 21.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock valued at $11,389,000 after purchasing an additional 27,379 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MDLZ shares. DA Davidson dropped their price target 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. TD Cowen dropped their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Piper Sandler reduced their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Trading Down 0.6 %

Shares of MDLZ stock opened at $75.10 on Wednesday. The company has a market cap of $100.74 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $70.11 and its two-hundred day simple moving average is $69.36. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Research 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. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. 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. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.