Mitchell Mcleod Pugh & Williams Inc. Acquires 1,487 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.5% during the 4th quarter, HoldingsChannel reports. The firm owned 15,614 shares of the company’s stock after acquiring an additional 1,487 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Mondelez International were worth $1,131,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Equity Partners raised its stake in shares of Mondelez International by 6.4% in the third quarter. Golden State Equity Partners now owns 4,667 shares of the company’s stock worth $324,000 after purchasing an additional 281 shares during the last quarter. Avestar Capital LLC increased its position in Mondelez International by 18.3% in the third quarter. Avestar Capital LLC now owns 4,350 shares of the company’s stock worth $302,000 after buying an additional 673 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in Mondelez International by 6.2% in the third quarter. Atlantic Union Bankshares Corp now owns 79,371 shares of the company’s stock worth $5,508,000 after buying an additional 4,657 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Mondelez International by 5.3% in the third quarter. Commonwealth Equity Services LLC now owns 448,498 shares of the company’s stock worth $31,126,000 after buying an additional 22,752 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of Mondelez International by 12.1% in the third quarter. Compagnie Lombard Odier SCmA now owns 381,850 shares of the company’s stock worth $26,500,000 after acquiring an additional 41,192 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MDLZ shares. JPMorgan Chase & Co. dropped their price objective 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. Deutsche Bank Aktiengesellschaft increased their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Stifel Nicolaus increased their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Mondelez International Stock Up 0.7 %

MDLZ stock traded up $0.52 on Monday, hitting $71.13. 1,540,249 shares of the company’s stock were exchanged, compared to its average volume of 7,827,066. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.54. The firm has a 50 day moving average price of $70.45 and a two-hundred day moving average price of $70.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market cap of $95.78 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.39%. Mondelez International’s payout ratio is presently 46.83%.

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.