Beach Investment Counsel Inc. PA Acquires 47,723 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Beach Investment Counsel Inc. PA increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 71.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,140 shares of the company's stock after buying an additional 47,723 shares during the quarter. Mondelez International accounts for 1.1% of Beach Investment Counsel Inc. PA's portfolio, making the stock its 27th largest position. Beach Investment Counsel Inc. PA's holdings in Mondelez International were worth $7,744,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MDLZ. ICICI Prudential Asset Management Co Ltd increased its stake in Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Buckingham Capital Management Inc. increased its stake in Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after purchasing an additional 18,961 shares during the period. Rhumbline Advisers increased its stake in Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after purchasing an additional 37,897 shares during the period. Amundi increased its stake in Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares during the period. Finally, Quilter Plc increased its stake in Mondelez International by 3.0% in the 4th quarter. Quilter Plc now owns 889,192 shares of the company's stock worth $53,111,000 after purchasing an additional 26,023 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.3%

Mondelez International stock traded down $0.22 during mid-day trading on Friday, hitting $66.15. The company had a trading volume of 6,279,009 shares, compared to its average volume of 8,058,066. 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's 50 day moving average price is $66.43 and its two-hundred day moving average price is $63.39. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $85.65 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 4.34 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 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. UBS Group boosted their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price 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, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.11.

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.