West Michigan Advisors LLC Has $517,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

West Michigan Advisors LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,975 shares of the company’s stock after buying an additional 766 shares during the period. West Michigan Advisors LLC’s holdings in Mondelez International were worth $517,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter valued at $29,000. ESL Trust Services LLC acquired a new position in shares of Mondelez International during the 1st quarter valued at $38,000. Finally, Albion Financial Group UT acquired a new position in shares of Mondelez International during the first quarter valued at about $44,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.9 %

NASDAQ MDLZ opened at $69.95 on Friday. The business’s fifty day moving average is $72.56 and its 200-day moving average is $69.67. 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 stock has a market capitalization of $93.83 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MDLZ shares. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Piper Sandler dropped their price target on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday. They issued a “buy” rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

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.