Sound Income Strategies LLC Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sound Income Strategies LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 78.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 764 shares of the company’s stock after purchasing an additional 335 shares during the quarter. Sound Income Strategies LLC’s holdings in Mondelez International were worth $47,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in MDLZ. Burney Co. increased its position in Mondelez International by 3.3% during the first quarter. Burney Co. now owns 4,813 shares of the company’s stock worth $302,000 after buying an additional 153 shares in the last quarter. Bollard Group LLC increased its position in Mondelez International by 0.5% during the first quarter. Bollard Group LLC now owns 29,792 shares of the company’s stock worth $1,870,000 after buying an additional 153 shares in the last quarter. Advisor Partners LLC grew its position in shares of Mondelez International by 0.3% in the first quarter. Advisor Partners LLC now owns 51,246 shares of the company’s stock valued at $3,217,000 after purchasing an additional 161 shares during the period. Carnegie Capital Asset Management LLC grew its position in shares of Mondelez International by 1.4% in the first quarter. Carnegie Capital Asset Management LLC now owns 11,801 shares of the company’s stock valued at $741,000 after purchasing an additional 163 shares during the period. Finally, Bell Investment Advisors Inc grew its position in shares of Mondelez International by 64.3% in the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the period. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDLZ. Cowen began coverage on Mondelez International in a research report on Wednesday, September 14th. They issued an “outperform” rating and a $71.00 price objective for the company. UBS Group lowered their price target on Mondelez International to $73.00 in a research report on Friday, July 22nd. Sanford C. Bernstein boosted their price objective on Mondelez International to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. StockNews.com upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, Mondelez International has a consensus rating of “Buy” and an average price target of $72.85.

Mondelez International Trading Up 1.2 %

Shares of NASDAQ MDLZ opened at $60.30 on Monday. The stock’s 50 day moving average price is $62.77 and its two-hundred day moving average price is $62.76. Mondelez International, Inc. has a 52-week low of $57.63 and a 52-week high of $69.47. The stock has a market capitalization of $82.65 billion, a P/E ratio of 21.93, a PEG ratio of 3.00 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $7.27 billion during the quarter, compared to analyst estimates of $6.81 billion. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same period in the prior year, the company earned $0.66 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 2.91 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.385 per share. The ex-dividend date is Thursday, September 29th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 2.55%. Mondelez International’s dividend payout ratio is 50.91%.

About Mondelez International

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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