International Private Wealth Advisors LLC Acquires Shares of 3,251 Mondelez International, Inc. (NASDAQ:MDLZ)

International Private Wealth Advisors LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,251 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after acquiring an additional 931,776 shares in the last quarter. Capital Research Global Investors lifted its holdings in Mondelez International by 13.9% in 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 purchasing an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 2.5% in 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 purchasing an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after purchasing an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mondelez International during the fourth quarter worth $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. Stifel Nicolaus raised their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. 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. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $70.11.

Mondelez International Price Performance

Mondelez International stock opened at $66.15 on Monday. The company’s 50 day simple moving average is $66.43 and its 200-day simple moving average is $63.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $85.65 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio is currently 69.89%.

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.