Curbstone Financial Management Corp Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Curbstone Financial Management Corp purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,098 shares of the company's stock, valued at approximately $414,000.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Mondelez International by 2.0% during the fourth quarter. Stephens Inc. AR now owns 26,571 shares of the company's stock worth $1,587,000 after purchasing an additional 527 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Mondelez International by 14.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 29,728 shares of the company's stock worth $1,776,000 after purchasing an additional 3,860 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in shares of Mondelez International by 5.6% during the fourth quarter. Principle Wealth Partners LLC now owns 10,641 shares of the company's stock worth $636,000 after purchasing an additional 568 shares during the period. Finally, Essex Financial Services Inc. lifted its holdings in shares of Mondelez International by 2.9% during the fourth quarter. Essex Financial Services Inc. now owns 18,398 shares of the company's stock worth $1,099,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Stifel Nicolaus raised their price objective 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. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Mizuho raised their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.11.

Mondelez International Price Performance

Shares of MDLZ traded up $1.17 on Thursday, reaching $68.12. The stock had a trading volume of 6,144,115 shares, compared to its average volume of 8,048,496. The firm has a market capitalization of $88.20 billion, a PE ratio of 19.92, a PEG ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $66.44 and a 200 day moving average of $63.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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 analysts' expectations 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 was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.76%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Mondelez International Company 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.