Cary Street Partners Financial LLC Acquires Shares of 18,040 Mondelez International, Inc. (NASDAQ:MDLZ)

Cary Street Partners Financial LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,040 shares of the company's stock, valued at approximately $1,078,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new stake in Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $27,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the fourth quarter worth about $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $32,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 1.3 %

MDLZ traded down $0.85 on Friday, hitting $66.37. The company had a trading volume of 5,135,787 shares, compared to its average volume of 7,934,199. The business's fifty day simple moving average is $66.41 and its 200 day simple moving average is $63.58. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market cap of $85.94 billion, a PE ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50.

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

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. Mondelez International's dividend payout ratio is presently 69.89%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. Wells Fargo & Company raised their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Stifel Nicolaus upped their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised 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. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.