Aurora Private Wealth Inc. Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Aurora Private Wealth Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,602 shares of the company's stock, valued at approximately $1,601,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in Mondelez International in the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors raised its holdings in Mondelez International by 13.9% during the fourth 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 during the period. Raymond James Financial Inc. purchased a new position in Mondelez International in the 4th quarter worth approximately $256,832,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Mondelez International during the first quarter worth $189,930,000. Finally, Deutsche Bank AG grew its stake in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after acquiring an additional 2,002,640 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Barclays raised 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. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Stifel Nicolaus raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Trading Up 0.7%

Shares of MDLZ traded up $0.47 during mid-day trading on Thursday, reaching $67.75. 6,805,754 shares of the company's stock traded hands, compared to its average volume of 8,054,443. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The stock's 50-day moving average is $66.71 and its two-hundred day moving average is $63.65. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $87.72 billion, a P/E ratio of 20.76, a P/E/G ratio of 5.21 and a beta of 0.48.

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, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

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.