Assetmark Inc. Buys 5,972 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Assetmark Inc. lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,143 shares of the company's stock after purchasing an additional 5,972 shares during the period. Assetmark Inc.'s holdings in Mondelez International were worth $6,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Brighton Jones LLC increased its holdings in shares of Mondelez International by 92.4% in 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 period. Bank Pictet & Cie Europe AG grew its stake in Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares during the last quarter. Quantbot Technologies LP bought a new position in Mondelez International in the fourth quarter worth about $213,000. New Age Alpha Advisors LLC raised its holdings in Mondelez International by 18,702.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 45,503 shares of the company's stock worth $2,718,000 after purchasing an additional 45,261 shares in the last quarter. Finally, Allstate Corp purchased a new stake in shares of Mondelez International during the fourth quarter valued at about $2,379,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MDLZ shares. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Price Performance

MDLZ stock opened at $70.58 on Monday. The firm has a 50 day moving average of $67.64 and a 200-day moving average of $65.01. The company has a market cap of $91.39 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 5.31 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the company earned $0.93 EPS. The firm's revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 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.

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