Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Guidance Capital Inc.

Guidance Capital Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,998 shares of the company’s stock after buying an additional 971 shares during the quarter. Guidance Capital Inc.’s holdings in Mondelez International were worth $859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. RFG Advisory LLC boosted its stake in shares of Mondelez International by 10.8% in the 1st quarter. RFG Advisory LLC now owns 4,992 shares of the company’s stock valued at $349,000 after buying an additional 487 shares during the period. Global Assets Advisory LLC purchased a new stake in Mondelez International during the first quarter worth approximately $855,000. Riverview Trust Co acquired a new position in Mondelez International during the first quarter worth approximately $44,000. Dynamic Advisor Solutions LLC increased its position in Mondelez International by 4.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 22,956 shares of the company’s stock worth $1,607,000 after buying an additional 1,051 shares during the period. Finally, RMR Wealth Builders increased its position in Mondelez International by 3.8% during the first quarter. RMR Wealth Builders now owns 4,652 shares of the company’s stock worth $326,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ traded down $0.42 during trading on Wednesday, reaching $70.93. 817,584 shares of the stock were exchanged, compared to its average volume of 6,751,989. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a 1 year low of $64.16 and a 1 year high of $77.20. The business’s 50 day moving average price is $72.57 and its two-hundred day moving average price is $69.66. The company has a market capitalization of $95.14 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the business earned $0.76 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several research analysts have commented on MDLZ shares. DA Davidson cut 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. Stifel Nicolaus dropped their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Piper Sandler dropped their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI boosted their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.