Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,384 shares of the company’s stock after purchasing an additional 13,079 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Mondelez International were worth $4,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MDLZ. SageView Advisory Group LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at approximately $907,000. AGF Management Ltd. increased its position in shares of Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after purchasing an additional 429,936 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after purchasing an additional 16,450 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Mondelez International in the 1st quarter valued at about $1,686,000. Finally, Schroder Investment Management Group lifted its position in Mondelez International by 35.1% in the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after buying an additional 168,639 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.5 %

Shares of NASDAQ MDLZ traded up $1.08 during midday trading on Friday, hitting $71.81. 6,158,240 shares of the company’s stock were exchanged, compared to its average volume of 7,032,253. The firm’s fifty day simple moving average is $68.04 and its 200-day simple moving average is $69.27. The company has a market cap of $96.32 billion, a PE ratio of 22.80, a P/E/G ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month 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 0.63.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date is Monday, September 30th. 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 2.62%. Mondelez International’s payout ratio is 59.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reduced their price target 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. JPMorgan Chase & Co. raised their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Bank of America reduced their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

Mondelez International Company 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.