Contravisory Investment Management Inc. Has $7.66 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Contravisory Investment Management Inc. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,985 shares of the company’s stock after buying an additional 7,349 shares during the period. Mondelez International makes up approximately 2.0% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 14th largest position. Contravisory Investment Management Inc.’s holdings in Mondelez International were worth $7,658,000 at the end of the most recent reporting period.

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

Mondelez International Stock Down 0.2 %

MDLZ traded down $0.12 during mid-day trading on Monday, reaching $71.82. 1,149,937 shares of the stock were exchanged, compared to its average volume of 6,006,994. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.65. The stock has a market capitalization of $97.71 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The company has a 50 day moving average price of $72.25 and a two-hundred day moving average price of $72.21. Mondelez International, Inc. has a 1 year low of $54.72 and a 1 year high of $78.59.

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

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.425 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, September 28th. Mondelez International’s payout ratio is 50.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of Mondelez International from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Morgan Stanley raised their price target on shares of Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. TD Cowen initiated coverage on shares of Mondelez International in a report on Wednesday, September 13th. They set an “outperform” rating and a $82.00 price target for the company. Piper Sandler lifted their price objective on shares of Mondelez International from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.