Kimelman & Baird LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Kimelman & Baird LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,521 shares of the company's stock, valued at approximately $1,539,000.

Other institutional investors have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler cut their target price on shares of Mondelez International from $78.00 to $76.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, July 23rd. Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday. Finally, TD Cowen lowered their price objective on shares of Mondelez International from $83.00 to $79.00 and set a "buy" rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.65.

Mondelez International Trading Down 0.7 %

NASDAQ MDLZ traded down $0.53 during mid-day trading on Monday, hitting $73.67. The company's stock had a trading volume of 5,792,435 shares, compared to its average volume of 6,933,485. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The stock's fifty day simple moving average is $71.47 and its two-hundred day simple moving average is $69.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market capitalization of $98.82 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. Research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Monday, September 30th. This is an increase 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.