Bangor Savings Bank Acquires 265 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bangor Savings Bank increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,536 shares of the company’s stock after purchasing an additional 265 shares during the quarter. Bangor Savings Bank’s holdings in Mondelez International were worth $166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC raised its stake in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the 2nd quarter valued at approximately $27,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $29,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MDLZ. Evercore ISI lowered their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Stifel Nicolaus cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Bank of America reduced their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, TD Cowen decreased their price target 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 research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Trading Up 1.1 %

Mondelez International stock traded up $0.79 during trading hours on Tuesday, hitting $70.07. The company had a trading volume of 2,056,279 shares, compared to its average volume of 7,210,434. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. The company has a 50-day moving average price of $67.00 and a two-hundred day moving average price of $69.60. The firm has a market cap of $93.99 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping 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 business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.68%. This is a boost 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.