2,972 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Accel Wealth Management

Accel Wealth Management 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 (SEC). The fund acquired 2,972 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Capital Research Global Investors boosted its stake in Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. Capital World Investors grew its position in shares of Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after purchasing an additional 463,738 shares in the last quarter. Norges Bank purchased a new stake in Mondelez International during the fourth quarter valued at $1,231,413,000. Finally, Vontobel Asset Management Inc. lifted its stake in shares of Mondelez International by 5.0% in the 4th quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock valued at $753,108,000 after purchasing an additional 474,539 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.34 on Friday. The stock has a market cap of $88.99 billion, a PE ratio of 21.06, a P/E/G ratio of 2.55 and a beta of 0.53. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The stock has a fifty day simple moving average of $68.52 and a 200-day simple moving average of $70.65. 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 (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared 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. This represents a $1.70 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price 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. Evercore ISI dropped their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. TD Cowen cut their price target 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. Finally, Sanford C. Bernstein upped their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International 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.