Mondelez International, Inc. (NASDAQ:MDLZ) Stake Raised by New England Research & Management Inc.

New England Research & Management Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 83.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,257 shares of the company’s stock after purchasing an additional 6,020 shares during the quarter. New England Research & Management Inc.’s holdings in Mondelez International were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $26,000. Transce3nd LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.7%

NASDAQ MDLZ opened at $66.93 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 stock has a market cap of $86.66 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.48. The firm’s 50 day moving average price is $66.56 and its two-hundred day moving average price is $63.49.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $0.93 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Barclays lifted their price target on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.11.

Mondelez International 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.