Bogart Wealth LLC Purchases 7,387 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bogart Wealth LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 106,605 shares of the company's stock after acquiring an additional 7,387 shares during the period. Bogart Wealth LLC's holdings in Mondelez International were worth $7,233,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sigma Planning Corp raised its position in shares of Mondelez International by 19.5% during the first quarter. Sigma Planning Corp now owns 13,743 shares of the company's stock worth $932,000 after purchasing an additional 2,244 shares during the period. Catalyst Financial Partners LLC boosted its position in shares of Mondelez International by 3.9% in the 1st quarter. Catalyst Financial Partners LLC now owns 9,655 shares of the company's stock valued at $655,000 after purchasing an additional 358 shares during the period. Evergreen Private Wealth LLC increased its stake in Mondelez International by 6.8% in the 1st quarter. Evergreen Private Wealth LLC now owns 63,241 shares of the company's stock worth $4,291,000 after purchasing an additional 4,037 shares in the last quarter. Signaturefd LLC raised its holdings in Mondelez International by 15.6% during the 1st quarter. Signaturefd LLC now owns 27,115 shares of the company's stock worth $1,840,000 after buying an additional 3,656 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in Mondelez International by 13.5% during the 1st quarter. Bleakley Financial Group LLC now owns 29,994 shares of the company's stock worth $2,035,000 after buying an additional 3,578 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.7%

Shares of NASDAQ MDLZ traded up $0.46 during trading hours on Monday, hitting $67.64. The stock had a trading volume of 5,324,773 shares, compared to its average volume of 9,187,985. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm's 50-day moving average price is $66.99 and its two-hundred day moving average price is $64.31. 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 market capitalization of $87.58 billion, a P/E ratio of 25.15, a P/E/G ratio of 5.21 and a beta of 0.48.

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 return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. UBS Group lifted their price objective 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. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

About Mondelez International

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.