Azzad Asset Management Inc. ADV acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 86,152 shares of the company's stock, valued at approximately $5,845,000. Mondelez International makes up 0.7% of Azzad Asset Management Inc. ADV's holdings, making the stock its 21st largest holding.
A number of other hedge funds have also bought and sold shares of the business. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on MDLZ. Stifel Nicolaus boosted their price target 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 upped their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. UBS Group upped their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Finally, Wells Fargo & Company upped their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.11.
Check Out Our Latest Research Report on MDLZ
Mondelez International Trading Down 1.7%
Shares of NASDAQ:MDLZ traded down $1.19 during midday trading on Friday, hitting $66.93. 6,528,752 shares of the stock traded hands, compared to its average volume of 8,057,939. The stock has a market capitalization of $86.66 billion, a PE ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. The business's 50 day moving average is $66.56 and its two-hundred day moving average is $63.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a one year low of $53.95 and a one year 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 the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion during 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 company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.
About Mondelez International
(
Free Report)
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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