Longfellow Investment Management Co. LLC Purchases 3,614 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Longfellow Investment Management Co. LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 42.5% during the second quarter, HoldingsChannel.com reports. The fund owned 12,113 shares of the company’s stock after buying an additional 3,614 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Mondelez International were worth $793,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Cadence Bank grew its stake in shares of Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares during the last quarter. Evermay Wealth Management LLC grew its stake in shares of Mondelez International by 2.6% during the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares during the last quarter. Curbstone Financial Management Corp grew its stake in shares of Mondelez International by 2.4% during the first quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after buying an additional 150 shares during the last quarter. Searle & CO. grew its stake in shares of Mondelez International by 1.2% during the first quarter. Searle & CO. now owns 12,319 shares of the company’s stock worth $862,000 after buying an additional 152 shares during the last quarter. Finally, Enterprise Financial Services Corp grew its stake in shares of Mondelez International by 3.4% during the fourth quarter. Enterprise Financial Services Corp now owns 4,628 shares of the company’s stock worth $335,000 after buying an additional 153 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. 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. Sanford C. Bernstein lowered their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. 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 analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.02 during mid-day trading on Monday, reaching $75.29. 406,254 shares of the company’s stock were exchanged, compared to its average volume of 7,018,735. The firm has a market capitalization of $100.57 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. 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 firm has a 50-day moving average price of $68.84 and a two-hundred day moving average price of $69.28.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. Analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is currently 53.97%.

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.