Kathmere Capital Management LLC Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Kathmere Capital Management LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 38.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,950 shares of the company's stock after purchasing an additional 4,181 shares during the period. Kathmere Capital Management LLC's holdings in Mondelez International were worth $1,014,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Abound Financial LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the 1st quarter valued at about $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings 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 valued at $30,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on MDLZ. 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. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus raised their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Evercore ISI raised 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $67.18 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The business's 50 day simple moving average is $66.99 and its two-hundred day simple moving average is $64.28. The stock has a market capitalization of $86.99 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 5.21 and a beta of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International's dividend payout ratio is currently 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.

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