Hennion & Walsh Asset Management Inc. Purchases 4,014 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hennion & Walsh Asset Management Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,164 shares of the company’s stock after acquiring an additional 4,014 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Mondelez International were worth $1,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC increased its holdings in shares of Mondelez International by 63.9% during 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 in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the 4th quarter valued at approximately $26,000. HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $34,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the third quarter worth $35,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDLZ. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. TD Cowen reduced their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Evercore ISI dropped their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $65.24 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The business’s 50 day moving average is $68.89 and its two-hundred day moving average is $70.78. The company has a market capitalization of $87.51 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.51 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. Analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.61%. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

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.