Princeton Global Asset Management LLC Has $355,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Princeton Global Asset Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,225 shares of the company’s stock after purchasing an additional 619 shares during the period. Princeton Global Asset Management LLC’s holdings in Mondelez International were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. KFG Wealth Management LLC bought a new position in Mondelez International during the first quarter valued at about $211,000. Congress Asset Management Co. raised its holdings in Mondelez International by 34.7% during the first quarter. Congress Asset Management Co. now owns 140,004 shares of the company’s stock valued at $9,499,000 after buying an additional 36,095 shares in the last quarter. Pines Wealth Management LLC bought a new position in Mondelez International during the first quarter valued at about $265,000. Davis Capital Management raised its holdings in Mondelez International by 10.9% during the first quarter. Davis Capital Management now owns 12,609 shares of the company’s stock valued at $856,000 after buying an additional 1,243 shares in the last quarter. Finally, Stablepoint Partners LLC raised its holdings in Mondelez International by 16.1% during the first quarter. Stablepoint Partners LLC now owns 47,382 shares of the company’s stock valued at $3,215,000 after buying an additional 6,579 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.3%

Shares of MDLZ opened at $66.15 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $85.65 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48. The stock’s 50-day moving average price is $66.43 and its 200 day moving average price is $63.39.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is 69.89%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. Evercore ISI raised their target price on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 9th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.11.

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.