Axxcess Wealth Management LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,593 shares of the company’s stock after buying an additional 5,906 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Mondelez International were worth $4,554,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. purchased a new stake in Mondelez International in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International during the second quarter valued at $29,000. Finally, Transcendent Capital Group LLC bought a new stake in Mondelez International in the fourth quarter worth $34,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $75.10 on Wednesday. The company has a 50-day moving average price of $70.11 and a 200-day moving average price of $69.36. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $100.74 billion, a P/E ratio of 23.84, a PEG ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MDLZ shares. DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Bank of America reduced their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Company 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.