State of Alaska Department of Revenue Purchases 2,190 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

State of Alaska Department of Revenue increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,345 shares of the company’s stock after buying an additional 2,190 shares during the period. State of Alaska Department of Revenue’s holdings in Mondelez International were worth $11,885,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Smith Salley Wealth Management boosted its holdings in shares of Mondelez International by 1.5% during the 3rd quarter. Smith Salley Wealth Management now owns 32,027 shares of the company’s stock worth $2,359,000 after buying an additional 483 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Mondelez International by 17.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,545,820 shares of the company’s stock valued at $188,540,000 after purchasing an additional 370,603 shares during the last quarter. Modera Wealth Management LLC raised its stake in Mondelez International by 37.9% during the 3rd quarter. Modera Wealth Management LLC now owns 69,999 shares of the company’s stock valued at $5,157,000 after purchasing an additional 19,222 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Mondelez International by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 489,859 shares of the company’s stock valued at $36,088,000 after purchasing an additional 8,729 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Mondelez International by 64.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 9,635 shares of the company’s stock valued at $710,000 after purchasing an additional 3,760 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 1.0 %

MDLZ opened at $69.23 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $92.86 billion, a PE ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The firm has a 50-day moving average price of $72.54 and a two-hundred day moving average price of $69.71.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.72%. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MDLZ shares. Citigroup upped their target price on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. DA Davidson dropped their price objective on shares of 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, Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.35.

View Our Latest Research Report on Mondelez International

Mondelez International Profile

(Free Report)

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.

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