Norway Savings Bank Has $1.65 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Norway Savings Bank boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,650 shares of the company’s stock after acquiring an additional 1,220 shares during the quarter. Norway Savings Bank’s holdings in Mondelez International were worth $1,652,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Retirement Group LLC acquired a new stake in Mondelez International during the 4th quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Mondelez International during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group lifted its holdings 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 valued at $27,000 after buying an additional 181 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Mondelez International during the 1st quarter valued at about $28,000. Finally, 25 LLC acquired a new stake in shares of Mondelez International during the 1st quarter valued at about $28,000. 76.16% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock traded down $0.44 during trading on Friday, hitting $71.94. The company had a trading volume of 9,339,827 shares, compared to its average volume of 6,034,668. The company has a fifty day moving average price of $72.25 and a two-hundred day moving average price of $72.15. 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 $97.87 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.43 and a beta of 0.64. Mondelez International, Inc. has a fifty-two week low of $54.72 and a fifty-two week high of $78.59.

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

Mondelez International Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.39. Mondelez International’s payout ratio is currently 56.29%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Mondelez International from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Barclays raised their price objective on Mondelez International from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen assumed coverage on Mondelez International in a research note on Wednesday. They issued an “outperform” rating and a $82.00 price objective on the stock. Finally, Piper Sandler lifted their price target on Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.63.

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.