Prestige Wealth Management Group LLC Purchases 1,821 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Prestige Wealth Management Group LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 195.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,755 shares of the company’s stock after purchasing an additional 1,821 shares during the period. Prestige Wealth Management Group LLC’s holdings in Mondelez International were worth $181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Capital Research Global Investors increased its position in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after buying an additional 2,206,023 shares in the last quarter. Capital World Investors raised its stake in shares of Mondelez International by 2.2% in the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares during the period. Finally, Norges Bank purchased a new position in shares of Mondelez International during the 4th quarter valued at about $1,231,413,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MDLZ. Bank of America decreased their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Stifel Nicolaus cut 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 Tuesday, July 23rd. Evercore ISI decreased their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, DA Davidson decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Trading Up 0.3 %

MDLZ stock traded up $0.24 during mid-day trading on Friday, reaching $75.31. 8,019,940 shares of the stock traded hands, compared to its average volume of 7,057,056. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The stock has a market capitalization of $101.02 billion, a PE ratio of 23.91, a PEG ratio of 2.90 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The business has a 50-day moving average price of $68.84 and a two-hundred day moving average price of $69.31.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS 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 the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Equities research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Mondelez International Company 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.