Joel Isaacson & Co. LLC Acquires 503 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Joel Isaacson & Co. LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZGet Rating) by 4.0% in the 2nd quarter, Holdings Channel reports. The fund owned 12,993 shares of the company’s stock after purchasing an additional 503 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Mondelez International were worth $807,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MDLZ. Burney Co. boosted its holdings in shares of Mondelez International by 3.3% in the first quarter. Burney Co. now owns 4,813 shares of the company’s stock worth $302,000 after acquiring an additional 153 shares during the period. Bollard Group LLC raised its position in shares of Mondelez International by 0.5% in 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 raised 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 worth $3,217,000 after buying an additional 161 shares in the last quarter. Carnegie Capital Asset Management LLC raised 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 worth $741,000 after buying an additional 163 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC raised its position in shares of Mondelez International by 5.4% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 3,199 shares of the company’s stock worth $201,000 after buying an additional 164 shares in the last quarter. 76.41% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.5 %

Shares of NASDAQ:MDLZ traded down $0.90 on Friday, reaching $58.90. 269,017 shares of the company traded hands, compared to its average volume of 6,861,684. The business’s 50-day simple moving average is $62.61 and its 200 day simple moving average is $62.66. 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 $80.73 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. The company has a current ratio of 0.68, a quick ratio of 0.45 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $7.27 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.66 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.91 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.385 dividend. The ex-dividend date is Thursday, September 29th. This is a boost from Mondelez International’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 2.61%. Mondelez International’s dividend payout ratio (DPR) is presently 50.91%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Cowen initiated coverage on Mondelez International in a research report on Wednesday, September 14th. They issued an “outperform” rating and a $71.00 price objective on the stock. Cowen started coverage on Mondelez International in a research report on Wednesday, September 14th. They set an “outperform” rating and a $71.00 price target on the stock. StockNews.com upgraded Mondelez International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Piper Sandler lowered their price target on Mondelez International to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Sanford C. Bernstein raised their price target on Mondelez International to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mondelez International presently has an average rating of “Buy” and an average price target of $72.85.

Mondelez International Company Profile

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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.

See Also

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

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