Creative Planning Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Creative Planning raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,226 shares of the company's stock after purchasing an additional 15,845 shares during the period. Creative Planning's holdings in Mondelez International were worth $25,285,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. RFG Advisory LLC grew its stake in shares of Mondelez International by 10.8% during the first quarter. RFG Advisory LLC now owns 4,992 shares of the company's stock valued at $349,000 after buying an additional 487 shares during the last quarter. Steph & Co. grew its stake in shares of Mondelez International by 38.4% during the first quarter. Steph & Co. now owns 1,221 shares of the company's stock valued at $85,000 after buying an additional 339 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Mondelez International during the first quarter valued at about $855,000. Jacobs & Co. CA grew its stake in shares of Mondelez International by 4.3% during the first quarter. Jacobs & Co. CA now owns 83,498 shares of the company's stock valued at $5,844,000 after buying an additional 3,438 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of Mondelez International during the first quarter valued at about $44,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent research reports. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Citigroup raised their target price on Mondelez International from $79.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. DA Davidson cut their target price on Mondelez International from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $78.88.

Mondelez International Stock Down 1.6 %

Shares of MDLZ stock traded down $1.15 during trading hours on Monday, hitting $70.43. 4,811,232 shares of the company's stock traded hands, compared to its average volume of 6,786,465. The stock's fifty day simple moving average is $72.53 and its two-hundred day simple moving average is $69.62. Mondelez International, Inc. has a 12-month low of $63.66 and a 12-month high of $77.20. The stock has a market cap of $94.47 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.87 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the business earned $0.76 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This is a positive change from Mondelez International's previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International's payout ratio is presently 59.68%.

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.