Thurston Springer Miller Herd & Titak Inc. Has $3.04 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Thurston Springer Miller Herd & Titak Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,786 shares of the company’s stock after purchasing an additional 8,544 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Mondelez International were worth $3,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mondelez International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock valued at $1,721,954,000 after acquiring an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock valued at $1,198,491,000 after acquiring an additional 975,929 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $1,118,755,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.6%

Shares of NASDAQ MDLZ opened at $66.63 on Thursday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $86.27 billion, a PE ratio of 19.48, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $66.49 and a two-hundred day moving average of $63.37.

Mondelez International (NASDAQ:MDLZ) last announced 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 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio is presently 69.89%.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Piper Sandler lifted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.55.

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.