Rede Wealth LLC Buys 627 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Rede Wealth LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,583 shares of the company’s stock after purchasing an additional 627 shares during the period. Rede Wealth LLC’s holdings in Mondelez International were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the second quarter valued at about $29,000. ESL Trust Services LLC bought a new stake in shares of Mondelez International during the first quarter valued at about $38,000. Finally, Albion Financial Group UT purchased a new stake in shares of Mondelez International in the first quarter worth about $44,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. DA Davidson decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Piper Sandler reduced their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Sanford C. Bernstein lowered their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.88.

Mondelez International Trading Up 0.6 %

Shares of MDLZ stock traded up $0.46 on Friday, hitting $71.58. 7,373,977 shares of the company’s stock traded hands, compared to its average volume of 6,796,242. The stock has a market capitalization of $96.01 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.87 and a beta of 0.54. The company’s fifty day simple moving average is $72.53 and its 200 day simple moving average is $69.61. Mondelez International, Inc. has a one year low of $63.66 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. 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 2.63%. The ex-dividend date was Monday, September 30th. Mondelez International’s payout ratio is 59.68%.

About Mondelez International

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.