Means Investment CO. Inc. Has $1.53 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Means Investment CO. Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,485 shares of the company's stock after selling 7,068 shares during the period. Means Investment CO. Inc.'s holdings in Mondelez International were worth $1,526,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MDLZ. Brighton Jones LLC raised its stake in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Mondelez International by 1.1% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares in the last quarter. Principal Securities Inc. lifted its holdings in Mondelez International by 12.3% in the fourth quarter. Principal Securities Inc. now owns 15,006 shares of the company's stock worth $896,000 after purchasing an additional 1,639 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Mondelez International by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,481 shares of the company's stock worth $566,000 after purchasing an additional 576 shares during the period. Finally, D.A. Davidson & CO. grew its position in Mondelez International by 11.4% in the 4th quarter. D.A. Davidson & CO. now owns 59,901 shares of the company's stock valued at $3,578,000 after buying an additional 6,154 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $78.00 in a research report on Friday. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Stock Up 3.0%

NASDAQ:MDLZ traded up $1.96 on Friday, hitting $68.31. 12,997,727 shares of the company's stock traded hands, compared to its average volume of 8,088,162. The company has a market cap of $88.45 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $66.64 and a 200-day moving average price of $63.53.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

About Mondelez International

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.