First Fiduciary Investment Counsel Inc. Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First Fiduciary Investment Counsel Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 53.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,324 shares of the company's stock after purchasing an additional 28,353 shares during the period. First Fiduciary Investment Counsel Inc.'s holdings in Mondelez International were worth $5,518,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in Mondelez International by 92.4% during the fourth 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 during the period. Bank Pictet & Cie Europe AG raised its stake in Mondelez International by 1.1% during the 4th 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 during the period. IFP Advisors Inc lifted its holdings in Mondelez International by 17.8% in the 4th quarter. IFP Advisors Inc now owns 6,443 shares of the company's stock worth $385,000 after purchasing an additional 972 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Mondelez International by 20.5% in the 4th quarter. Kovack Advisors Inc. now owns 5,102 shares of the company's stock worth $305,000 after purchasing an additional 867 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Mondelez International by 31.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 57,496 shares of the company's stock worth $3,434,000 after purchasing an additional 13,599 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.9%

NASDAQ:MDLZ traded up $0.60 during midday trading on Wednesday, hitting $69.56. 8,952,216 shares of the company traded hands, compared to its average volume of 8,081,355. The firm has a market capitalization of $90.07 billion, a P/E ratio of 25.86, a P/E/G ratio of 5.34 and a beta of 0.48. The firm's fifty day moving average is $66.78 and its 200-day moving average is $63.86. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month 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.

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

Mondelez International Dividend Announcement

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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.70%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised 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. Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Finally, UBS Group lifted 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.