Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Bailard Inc.

Bailard Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 47,208 shares of the company’s stock after purchasing an additional 1,948 shares during the period. Bailard Inc.’s holdings in Mondelez International were worth $3,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Graypoint LLC lifted its holdings in Mondelez International by 5.2% in the first quarter. Graypoint LLC now owns 10,367 shares of the company’s stock valued at $703,000 after buying an additional 513 shares during the period. Napatree Capital LLC bought a new position in Mondelez International in the 1st quarter valued at approximately $247,000. Lineweaver Wealth Advisors LLC increased its position in Mondelez International by 8.3% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 32,283 shares of the company’s stock valued at $2,190,000 after acquiring an additional 2,479 shares during the period. Allen Capital Group LLC boosted its stake in Mondelez International by 5.7% during the first quarter. Allen Capital Group LLC now owns 3,949 shares of the company’s stock worth $268,000 after acquiring an additional 213 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Mondelez International by 9.3% during the first quarter. Victory Capital Management Inc. now owns 1,838,803 shares of the company’s stock worth $124,763,000 after acquiring an additional 156,230 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 3.5%

Shares of Mondelez International stock opened at $69.80 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a 50-day simple moving average of $67.03 and a two-hundred day simple moving average of $64.47. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market capitalization of $90.38 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Monday, June 30th. Mondelez International’s dividend payout ratio is currently 69.89%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Evercore ISI lifted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.72.

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.