Clifford Swan Investment Counsel LLC Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Clifford Swan Investment Counsel LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,046 shares of the company's stock after acquiring an additional 37,462 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Mondelez International were worth $20,155,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the first quarter worth about $26,000. Transce3nd LLC bought a new stake in shares of Mondelez International in the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.4%

Shares of NASDAQ:MDLZ traded up $0.28 during trading on Monday, reaching $70.09. The company's stock had a trading volume of 274,648 shares, compared to its average volume of 8,077,925. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm's 50 day simple moving average is $67.10 and its two-hundred day simple moving average is $64.61. The stock has a market capitalization of $90.76 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 5.26 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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 net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDLZ. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.72.

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.

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