Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Mattern Capital Management LLC

Mattern Capital Management LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,396 shares of the company’s stock after buying an additional 201 shares during the quarter. Mattern Capital Management LLC’s holdings in Mondelez International were worth $8,207,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MDLZ. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Mondelez International by 36.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 15,164 shares of the company’s stock valued at $1,061,000 after buying an additional 4,014 shares during the period. Vicus Capital acquired a new position in Mondelez International during the first quarter worth $293,000. Founders Financial Securities LLC raised its holdings in Mondelez International by 10.0% during the first quarter. Founders Financial Securities LLC now owns 20,051 shares of the company’s stock worth $1,404,000 after purchasing an additional 1,823 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in Mondelez International by 14.0% during the first quarter. New Mexico Educational Retirement Board now owns 80,726 shares of the company’s stock worth $5,651,000 after purchasing an additional 9,900 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in Mondelez International by 82.2% during the first quarter. Cornerstone Wealth Group LLC now owns 7,929 shares of the company’s stock worth $555,000 after purchasing an additional 3,576 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Evercore ISI raised their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup raised their price target on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.35.

Mondelez International Price Performance

MDLZ stock opened at $69.23 on Friday. The stock has a 50-day moving average price of $72.54 and a two-hundred day moving average price of $69.69. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a market cap of $92.86 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s 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.