StrategIQ Financial Group LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

StrategIQ Financial Group LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,652 shares of the company’s stock after buying an additional 300 shares during the quarter. StrategIQ Financial Group LLC’s holdings in Mondelez International were worth $916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tyler Stone Wealth Management purchased a new stake in Mondelez International in the 2nd quarter valued at approximately $25,000. Retirement Group LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $25,000. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $29,000. Finally, VitalStone Financial LLC boosted its holdings in Mondelez International by 1,553.8% during the second quarter. VitalStone Financial LLC now owns 430 shares of the company’s stock worth $30,000 after buying an additional 404 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MDLZ. Citigroup initiated coverage on shares of Mondelez International in a research note on Thursday, February 1st. They set a “buy” rating and a $87.00 price objective for the company. DA Davidson began coverage on shares of Mondelez International in a research report on Friday, December 8th. They issued a “buy” rating and a $83.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Barclays increased their price target on shares of Mondelez International from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $81.37.

Check Out Our Latest Stock Analysis on Mondelez International

Mondelez International Stock Down 1.1 %

NASDAQ:MDLZ traded down $0.73 during mid-day trading on Wednesday, reaching $68.53. The stock had a trading volume of 1,456,708 shares, compared to its average volume of 7,191,479. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market capitalization of $93.26 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 2.37 and a beta of 0.56. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59. The stock’s 50 day simple moving average is $72.69 and its two-hundred day simple moving average is $70.73.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, March 27th. Mondelez International’s payout ratio is currently 46.83%.

Mondelez International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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