Cantor Fitzgerald Investment Advisors L.P. Buys 50,277 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cantor Fitzgerald Investment Advisors L.P. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,159 shares of the company's stock after purchasing an additional 50,277 shares during the period. Mondelez International makes up 1.5% of Cantor Fitzgerald Investment Advisors L.P.'s portfolio, making the stock its 14th biggest position. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Mondelez International were worth $20,841,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Glass Jacobson Investment Advisors llc increased its holdings in shares of Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after buying an additional 168 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after buying an additional 168 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after buying an additional 181 shares in the last quarter. 44 Wealth Management LLC increased its holdings in shares of Mondelez International by 2.6% during the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock worth $457,000 after buying an additional 191 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its holdings in shares of Mondelez International by 4.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Argus cut 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 target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Piper Sandler increased their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Finally, UBS Group increased their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Trading Up 3.0%

Shares of NASDAQ MDLZ traded up $1.96 during midday trading on Friday, reaching $68.31. 12,997,727 shares of the stock were exchanged, compared to its average volume of 8,097,246. The business has a 50-day simple moving average of $66.66 and a two-hundred day simple moving average of $63.55. The company has a market capitalization of $88.45 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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 analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. Mondelez International's dividend payout ratio is 69.89%.

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.