Cerity Partners LLC Purchases 132,251 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cerity Partners LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 950,324 shares of the company's stock after buying an additional 132,251 shares during the quarter. Cerity Partners LLC owned about 0.07% of Mondelez International worth $64,491,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MDLZ. Abound Financial LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $26,000. Transce3nd LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Evercore ISI increased their price target 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Stifel Nicolaus increased their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Up 0.0%

NASDAQ MDLZ traded up $0.03 during trading hours on Friday, reaching $67.18. 6,171,071 shares of the company's stock traded hands, compared to its average volume of 8,101,577. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market cap of $86.99 billion, a PE ratio of 24.97, a PEG ratio of 5.20 and a beta of 0.48. The firm has a 50-day simple moving average of $66.99 and a 200 day simple moving average of $64.25. 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 issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the company posted $0.93 EPS. Mondelez International's revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Mondelez International Company 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.