Wahed Invest LLC Acquires 1,783 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wahed Invest LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,311 shares of the company’s stock after acquiring an additional 1,783 shares during the quarter. Wahed Invest LLC’s holdings in Mondelez International were worth $2,049,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc boosted its stake in shares of Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. lifted its stake in Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after purchasing an additional 181 shares during the last quarter. Traphagen Investment Advisors LLC boosted its position in shares of Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after buying an additional 187 shares during the period. Core Alternative Capital grew its stake in shares of Mondelez International by 1.7% during the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock valued at $684,000 after buying an additional 187 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after buying an additional 191 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $67.87 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market cap of $87.79 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a 50-day simple moving average of $66.10 and a two-hundred day simple moving average of $63.75.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.77%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley upped their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

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.