Doheny Asset Management CA Has $315,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Doheny Asset Management CA raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 31.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,811 shares of the company’s stock after acquiring an additional 1,161 shares during the period. Doheny Asset Management CA’s holdings in Mondelez International were worth $315,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter valued at $29,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $34,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDLZ. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Bank of America reduced their price objective 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. Evercore ISI reduced their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Stifel Nicolaus cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, DA Davidson cut their target price on shares of 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Stock Up 0.5 %

Mondelez International stock opened at $75.71 on Tuesday. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The firm has a market capitalization of $101.13 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The firm’s fifty day moving average price is $69.05 and its two-hundred day moving average price is $69.29. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its 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 during 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 for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.48%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend 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.