D.A. Davidson & CO. Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

D.A. Davidson & CO. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,556 shares of the company's stock after acquiring an additional 3,655 shares during the quarter. D.A. Davidson & CO.'s holdings in Mondelez International were worth $4,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc boosted its position in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in Mondelez International by 4.2% in the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after acquiring an additional 193 shares during the last quarter. City Holding Co. raised its stake in Mondelez International by 28.0% in the 1st quarter. City Holding Co. now owns 896 shares of the company's stock worth $61,000 after acquiring an additional 196 shares during the last quarter. Finally, Headinvest LLC raised its stake in Mondelez International by 1.1% in the 4th quarter. Headinvest LLC now owns 18,193 shares of the company's stock worth $1,087,000 after acquiring an additional 197 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Barclays raised their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Trading Down 0.8%

MDLZ traded down $0.55 during trading hours on Friday, reaching $69.02. The company's stock had a trading volume of 3,342,865 shares, compared to its average volume of 8,088,438. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $89.36 billion, a PE ratio of 25.66, a P/E/G ratio of 5.35 and a beta of 0.48. The business's 50-day moving average is $66.91 and its 200-day moving average is $64.00. 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 released 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 firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders 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 yield of 2.72%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 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.