Capital Asset Advisory Services LLC Purchases 3,187 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Asset Advisory Services LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,549 shares of the company’s stock after purchasing an additional 3,187 shares during the period. Capital Asset Advisory Services LLC’s holdings in Mondelez International were worth $1,941,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Bogart Wealth LLC boosted 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 acquiring an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International in the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at approximately $34,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $35,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $65.44 on Friday. The company’s fifty day moving average price is $68.89 and its 200-day moving average price is $70.81. The firm has a market capitalization of $87.78 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.55 and a beta of 0.54. Mondelez International, Inc. has a one year low of $60.75 and a one year 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 issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm 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%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped 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 note on Friday, April 12th. Wells Fargo & Company dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup dropped their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, TD Cowen dropped 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 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

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.