Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,368 shares of the company's stock after purchasing an additional 5,551 shares during the quarter. Axxcess Wealth Management LLC's holdings in Mondelez International were worth $3,282,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors grew 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 worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Geode Capital Management LLC increased its stake in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares in the last quarter. Finally, Norges Bank purchased a new position in Mondelez International during the 4th quarter valued at about $1,118,755,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upped their price target on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. UBS Group lifted their price target on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Price Performance

Shares of MDLZ traded up $0.03 during mid-day trading on Friday, hitting $67.18. 6,171,071 shares of the company were exchanged, compared to its average volume of 8,101,577. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a 50 day moving average of $66.99 and a 200-day moving average of $64.25. The stock has a market cap of $86.99 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 5.20 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. 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 for the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the company posted $0.93 EPS. The business's revenue was up .2% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders 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 annualized dividend and a dividend yield of 2.80%. 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.