Evergreen Private Wealth LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Evergreen Private Wealth LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,241 shares of the company's stock after acquiring an additional 4,037 shares during the period. Mondelez International accounts for about 2.0% of Evergreen Private Wealth LLC's holdings, making the stock its 25th biggest position. Evergreen Private Wealth LLC's holdings in Mondelez International were worth $4,291,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MDLZ. Norges Bank bought a new stake in Mondelez International during the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors increased its holdings in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Mondelez International during the 1st quarter worth approximately $189,930,000. Deutsche Bank AG increased its holdings in Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mondelez International during the 4th quarter worth approximately $104,065,000. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDLZ. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $78.00 in a research note on Thursday. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Evercore ISI boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Morgan Stanley upped their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $71.63.

Mondelez International Stock Up 3.5%

Shares of Mondelez International stock traded up $2.33 during trading on Thursday, hitting $69.80. The company's stock had a trading volume of 9,139,327 shares, compared to its average volume of 8,076,674. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a fifty day simple moving average of $67.03 and a two-hundred day simple moving average of $64.47. The company has a market capitalization of $90.38 billion, a PE ratio of 25.95, a P/E/G ratio of 5.23 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. Mondelez International's dividend payout ratio is currently 69.89%.

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.