LifePlan Financial LLC Invests $333,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

LifePlan Financial LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,907 shares of the company's stock, valued at approximately $333,000.

Other large investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC raised its position in Mondelez International by 10.4% during the 1st quarter. Ameritas Advisory Services LLC now owns 5,413 shares of the company's stock valued at $345,000 after purchasing an additional 510 shares during the last quarter. Verity Asset Management Inc. increased its position in shares of Mondelez International by 113.9% during the first quarter. Verity Asset Management Inc. now owns 16,016 shares of the company's stock valued at $1,087,000 after buying an additional 8,530 shares during the period. Citizens National Bank Trust Department raised its stake in Mondelez International by 1.1% in the first quarter. Citizens National Bank Trust Department now owns 31,870 shares of the company's stock worth $2,162,000 after buying an additional 350 shares in the last quarter. Naviter Wealth LLC bought a new position in Mondelez International in the first quarter worth about $211,000. Finally, Hills Bank & Trust Co lifted its holdings in Mondelez International by 0.7% in the first quarter. Hills Bank & Trust Co now owns 49,075 shares of the company's stock worth $3,330,000 after buying an additional 349 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ stock traded up $1.86 during midday trading on Tuesday, hitting $69.30. The company's stock had a trading volume of 4,118,212 shares, compared to its average volume of 8,050,127. 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 12 month low of $53.95 and a 12 month high of $76.06. The company has a 50 day moving average of $66.72 and a two-hundred day moving average of $63.79. The firm has a market capitalization of $89.73 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The firm 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 revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 2.71%. Mondelez International's dividend payout ratio is currently 69.89%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MDLZ. Barclays upped their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

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.