Westwood Holdings Group Inc. Raises Holdings in Mondelez International, Inc. $MDLZ

Westwood Holdings Group Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 706.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,716 shares of the company’s stock after buying an additional 32,165 shares during the period. Westwood Holdings Group Inc.’s holdings in Mondelez International were worth $2,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AlphaStar Capital Management LLC bought a new stake in shares of Mondelez International in the 2nd quarter valued at about $1,336,000. GAMMA Investing LLC raised its stake in shares of Mondelez International by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock worth $1,769,000 after acquiring an additional 7,914 shares in the last quarter. Banque Transatlantique SA lifted its position in Mondelez International by 294.5% during the first quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock valued at $794,000 after acquiring an additional 9,449 shares during the last quarter. Huntington National Bank lifted its position in Mondelez International by 9.3% during the second quarter. Huntington National Bank now owns 248,373 shares of the company’s stock valued at $16,750,000 after acquiring an additional 21,113 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in Mondelez International in the first quarter valued at approximately $363,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MDLZ shares. Wells Fargo & Company reduced their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Zacks Research lowered Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Sanford C. Bernstein lowered their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Morgan Stanley dropped their price target on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, UBS Group decreased their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.95.

Mondelez International Trading Up 0.4%

Shares of NASDAQ:MDLZ opened at $54.26 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The stock has a market cap of $70.01 billion, a price-to-earnings ratio of 20.32 and a beta of 0.39. The business has a 50-day moving average price of $57.87 and a 200-day moving average price of $62.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion for the quarter. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

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.