Jackson Thornton Wealth Management LLC Takes $252,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Jackson Thornton Wealth Management LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,748 shares of the company's stock, valued at approximately $252,000.

Several other large investors also recently made changes to their positions in the stock. Morris Financial Concepts Inc. increased its holdings in shares of Mondelez International by 3.8% during the 1st quarter. Morris Financial Concepts Inc. now owns 5,918 shares of the company's stock worth $402,000 after acquiring an additional 216 shares during the last quarter. Strategic Blueprint LLC increased its holdings in shares of Mondelez International by 2.8% during the 1st quarter. Strategic Blueprint LLC now owns 8,922 shares of the company's stock worth $605,000 after acquiring an additional 244 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Mondelez International by 9.8% during the 1st quarter. IFM Investors Pty Ltd now owns 267,976 shares of the company's stock worth $19,742,000 after acquiring an additional 23,862 shares during the last quarter. GF Fund Management CO. LTD. increased its holdings in shares of Mondelez International by 1.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 258,086 shares of the company's stock worth $17,511,000 after acquiring an additional 4,658 shares during the last quarter. Finally, Aurora Private Wealth Inc. acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $1,601,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $69.02 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $89.36 billion, a P/E ratio of 25.66, a P/E/G ratio of 5.35 and a beta of 0.48. The business has a fifty day simple moving average of $66.91 and a 200 day simple moving average of $63.97.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the company earned $0.93 EPS. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MDLZ shares. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group boosted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Piper Sandler upped their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. 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 data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

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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