Global Assets Advisory LLC Takes $855,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Global Assets Advisory LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,208 shares of the company’s stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC boosted its position in shares of Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC boosted its position in shares of Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after purchasing an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its position in shares of Mondelez International by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after purchasing an additional 138 shares in the last quarter. Finally, Rossmore Private Capital boosted its position in shares of Mondelez International by 0.3% during the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MDLZ shares. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Wells Fargo & Company cut their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, TD Cowen cut 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 report on Thursday, June 6th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.22.

Mondelez International Stock Down 1.8 %

Mondelez International stock opened at $66.64 on Thursday. The firm has a market capitalization of $89.39 billion, a PE ratio of 21.18, a P/E/G ratio of 2.60 and a beta of 0.54. The company’s 50-day moving average is $68.95 and its 200-day moving average is $70.91. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. Mondelez International’s dividend payout ratio is presently 53.97%.

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.