Brighton Jones LLC Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Brighton Jones LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 63.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,971 shares of the company's stock after acquiring an additional 9,340 shares during the period. Brighton Jones LLC's holdings in Mondelez International were worth $1,626,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Newport Capital Group LLC bought a new position in shares of Mondelez International during the 1st quarter worth $215,000. Sound Income Strategies LLC grew its holdings in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its position in Mondelez International by 1.7% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 104,918 shares of the company's stock valued at $7,035,000 after purchasing an additional 1,790 shares during the period. Aries Wealth Management raised its holdings in shares of Mondelez International by 12.7% in the 1st quarter. Aries Wealth Management now owns 12,172 shares of the company's stock valued at $826,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at about $737,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.93 on Monday. The business has a fifty day moving average of $66.56 and a 200 day moving average of $63.46. 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 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $86.66 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $9.37 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The company's revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDLZ. Wells Fargo & Company lifted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $70.11.

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.

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