FSM Wealth Advisors LLC Buys 332 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

FSM Wealth Advisors LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,180 shares of the company’s stock after purchasing an additional 332 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Mondelez International were worth $509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Fairfield Bush & CO. purchased a new position in Mondelez International during the first quarter worth about $100,000. United Bank grew its position in Mondelez International by 4.6% during the first quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after buying an additional 1,189 shares in the last quarter. Cetera Investment Advisers grew its position in Mondelez International by 4.0% during the first quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after buying an additional 1,085 shares in the last quarter. Dakota Wealth Management purchased a new position in Mondelez International during the first quarter worth about $561,000. Finally, Covestor Ltd boosted its holdings in shares of Mondelez International by 69.0% in the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after purchasing an additional 518 shares in the last quarter. 76.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of a number of research reports. Piper Sandler upped their price objective on Mondelez International from $82.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. TD Cowen started coverage on Mondelez International in a research report on Wednesday, September 13th. They set an “outperform” rating and a $82.00 price target on the stock. Barclays raised their price target on 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 Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.63.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.02 during trading hours on Monday, hitting $71.96. The stock had a trading volume of 1,272,480 shares, compared to its average volume of 6,007,441. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.65 and a quick ratio of 0.43. Mondelez International, Inc. has a 12 month low of $54.72 and a 12 month high of $78.59. The firm has a market capitalization of $97.90 billion, a PE ratio of 23.74, a PEG ratio of 2.47 and a beta of 0.64. The stock has a fifty day moving average price of $72.25 and a 200 day moving average price of $72.21.

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

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, September 28th. 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 2.36%. Mondelez International’s payout ratio is 50.99%.

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.