ZWJ Investment Counsel Inc. Buys 30,189 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

ZWJ Investment Counsel Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 705,066 shares of the company's stock after purchasing an additional 30,189 shares during the period. Mondelez International makes up approximately 1.9% of ZWJ Investment Counsel Inc.'s holdings, making the stock its 21st largest position. ZWJ Investment Counsel Inc. owned approximately 0.05% of Mondelez International worth $47,839,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. Capital Research Global Investors raised its holdings in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new position in Mondelez International in the 4th quarter worth approximately $1,118,755,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.8%

Mondelez International stock traded down $0.55 during midday trading on Thursday, reaching $69.02. The stock had a trading volume of 3,342,865 shares, compared to its average volume of 8,080,877. 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 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market cap of $89.36 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 5.39 and a beta of 0.48. The company has a fifty day moving average of $66.78 and a 200 day moving average of $63.86.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Finally, Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. One investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.63.

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.