Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC increased its holdings in Mondelez International by 132.3% in the first quarter, owning a total of 9,440 shares worth approximately $640,000.
• Mondelez International reported a quarterly EPS of $0.73, outperforming the expected $0.68, with revenues of $8.98 billion, marking a 7.7% increase from the previous year.
• The company declared an increased quarterly dividend of $0.50 per share, reflecting a yield of 3.1% and a dividend payout ratio of 69.89%.

Foundations Investment Advisors LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 132.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,440 shares of the company's stock after acquiring an additional 5,377 shares during the quarter. Foundations Investment Advisors LLC's holdings in Mondelez International were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in Mondelez International during the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the 1st quarter worth about $26,000. Transce3nd LLC acquired a new stake in Mondelez International during the 4th quarter worth about $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.6%

NASDAQ:MDLZ opened at $64.69 on Friday. The stock's 50 day moving average price is $67.77 and its 200 day moving average price is $65.20. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $83.76 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.90 and a beta of 0.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.40 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the company posted $0.86 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.1%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio is 69.89%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MDLZ shares. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. upped their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

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.

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