Fiduciary Family Office LLC Purchases Shares of 8,077 Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Fiduciary Family Office LLC invested $548,000 in Mondelez International, acquiring 8,077 shares in the first quarter.
• Mondelez recently announced an increase in its quarterly dividend from $0.47 to $0.50 per share, translating to an annualized dividend of $2.00.
• Analysts maintain a consensus rating of "Moderate Buy" for Mondelez stock, with an average price target of $71.95.

Fiduciary Family Office LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,077 shares of the company's stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Capital Research Global Investors raised its stake in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after purchasing an additional 975,929 shares during the period. Northern Trust Corp raised its stake in shares of Mondelez International by 6.8% during the 4th quarter. Northern Trust Corp now owns 16,252,906 shares of the company's stock valued at $970,786,000 after purchasing an additional 1,035,184 shares during the period. Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.3%

Shares of NASDAQ:MDLZ traded down $0.17 on Tuesday, hitting $61.39. 7,373,323 shares of the company traded hands, compared to its average volume of 8,531,562. The stock has a 50 day simple moving average of $67.16 and a 200-day simple moving average of $65.56. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $79.43 billion, a PE ratio of 22.49, a PEG ratio of 4.65 and a beta of 0.46. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is 68.86%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. Stifel Nicolaus boosted their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein increased their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, UBS Group cut their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

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.