CVA Family Office LLC Purchases 1,338 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CVA Family Office LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,881 shares of the company’s stock after buying an additional 1,338 shares during the period. CVA Family Office LLC’s holdings in Mondelez International were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. Naples Global Advisors LLC raised its position in shares of Mondelez International by 9.9% in the 4th quarter. Naples Global Advisors LLC now owns 3,862 shares of the company’s stock valued at $232,000 after purchasing an additional 348 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Mondelez International by 28.0% in the 4th quarter. V Square Quantitative Management LLC now owns 7,346 shares of the company’s stock valued at $439,000 after purchasing an additional 1,606 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $43,000. Finally, Valeo Financial Advisors LLC raised its position in shares of Mondelez International by 13.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 38,381 shares of the company’s stock valued at $2,293,000 after purchasing an additional 4,683 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Wells Fargo & Company raised their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.11.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $66.93 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market cap of $86.66 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a 50 day moving average price of $66.56 and a 200-day moving average price of $63.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. Mondelez International’s dividend payout ratio is currently 69.89%.

About Mondelez International

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.