Marotta Asset Management Invests $203,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Marotta Asset Management bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,788 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently made changes to their positions in the business. Retirement Group LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Mondelez International by 80.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $28,000. Finally, 25 LLC acquired a new stake in Mondelez International in the first quarter valued at approximately $28,000. 76.16% of the stock is owned by institutional investors.

Mondelez International Trading Up 1.5 %

MDLZ opened at $72.38 on Friday. Mondelez International, Inc. has a 1-year low of $54.72 and a 1-year high of $78.59. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $98.47 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64. The company has a fifty day moving average price of $72.26 and a two-hundred day moving average price of $72.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Mondelez International had a net margin of 12.13% and a return on equity of 15.49%. The firm had revenue of $8.51 billion during the quarter, compared to the consensus estimate of $8.22 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.24 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.425 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.39. This represents a $1.70 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, September 28th. Mondelez International’s payout ratio is 50.99%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDLZ. Piper Sandler raised their target price on shares of Mondelez International from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Barclays raised their target price on shares of Mondelez International from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen began coverage on shares of Mondelez International in a research report on Wednesday. They issued an “outperform” rating and a $82.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Mondelez International from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.63.

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.