Financial Harvest LLC Invests $579,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Financial Harvest LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,537 shares of the company's stock, valued at approximately $579,000. Mondelez International makes up about 0.4% of Financial Harvest LLC's investment portfolio, making the stock its 22nd largest holding.

Other hedge funds have also bought and sold shares of the company. Checchi Capital Advisers LLC lifted its holdings in Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after acquiring an additional 168 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares during the last quarter. Sage Private Wealth Group LLC raised its holdings in shares of Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after buying an additional 175 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its holdings in shares of Mondelez International by 4.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after buying an additional 193 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MDLZ. Stifel Nicolaus lifted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group boosted their target price on Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $78.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Stock Up 0.0%

Shares of NASDAQ:MDLZ traded up $0.01 during trading on Friday, reaching $69.81. 10,412,195 shares of the company traded hands, compared to its average volume of 8,107,952. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a fifty day simple moving average of $67.10 and a 200 day simple moving average of $64.57. The firm has a market cap of $90.39 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 5.40 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate 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 was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's payout ratio 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.