Retirement Guys Formula LLC Purchases 922 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Retirement Guys Formula LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,506 shares of the company’s stock after buying an additional 922 shares during the period. Retirement Guys Formula LLC’s holdings in Mondelez International were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Capital Research Global Investors boosted its stake in shares of Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. Wulff Hansen & CO. boosted its stake in shares of Mondelez International by 6,311.0% during the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after purchasing an additional 1,723,537 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Mondelez International by 231.4% during the second quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock valued at $118,101,000 after purchasing an additional 1,260,124 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Citigroup upped their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Piper Sandler cut their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Sanford C. Bernstein dropped their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.88.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.93 during mid-day trading on Monday, hitting $70.65. The stock had a trading volume of 2,076,017 shares, compared to its average volume of 6,772,991. The firm’s 50 day moving average is $72.53 and its 200 day moving average is $69.62. Mondelez International, Inc. has a twelve month low of $63.66 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 0.50. The stock has a market capitalization of $94.77 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the company earned $0.76 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. The ex-dividend date was 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 dividend yield of 2.66%. Mondelez International’s dividend payout ratio is currently 59.68%.

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.