Azzad Asset Management Inc. ADV Takes $5.85 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Azzad Asset Management Inc. ADV bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 86,152 shares of the company's stock, valued at approximately $5,845,000. Mondelez International comprises approximately 0.7% of Azzad Asset Management Inc. ADV's holdings, making the stock its 21st biggest holding.

A number of other hedge funds also recently modified their holdings of MDLZ. Vanguard Group Inc. increased its position in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the period. Capital Research Global Investors increased its position 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 grew its stake in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Finally, Norges Bank acquired a new stake in Mondelez International during the fourth quarter worth about $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Evercore ISI increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company increased their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.03 during midday trading on Monday, reaching $66.96. The company had a trading volume of 2,414,295 shares, compared to its average volume of 9,400,975. The company's 50 day moving average price is $66.56 and its 200 day moving average price is $63.46. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market cap of $86.70 billion, a P/E ratio of 19.58, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date 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.