Modera Wealth Management LLC Purchases 3,846 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Modera Wealth Management LLC increased its holdings in Mondelez International by 5.5% during Q1, now owning 74,206 shares valued at approximately $5.03 million.
• Mondelez International's stock recently saw a 6.6% decline, trading at $65.10, with a 12-month range between $53.95 and $76.06.
• The company announced a quarterly dividend increase to $0.50 per share, to be paid out on October 14th, reflecting a dividend yield of 3.07%.

Modera Wealth Management LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,206 shares of the company's stock after buying an additional 3,846 shares during the quarter. Modera Wealth Management LLC's holdings in Mondelez International were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in MDLZ. Brighton Jones LLC grew its position in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after acquiring an additional 3,706 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Mondelez International by 3.5% in the 4th quarter. Schroder Investment Management Group now owns 501,794 shares of the company's stock valued at $29,651,000 after acquiring an additional 16,830 shares during the last quarter. Summit Financial LLC lifted its stake in shares of Mondelez International by 12.6% in the 4th quarter. Summit Financial LLC now owns 22,792 shares of the company's stock valued at $1,372,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Tradewinds LLC. purchased a new position in Mondelez International during the 4th quarter valued at about $258,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. 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. Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday. Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays increased their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Stock Performance

Mondelez International stock traded down $0.76 during trading on Friday, reaching $63.93. The company had a trading volume of 10,650,337 shares, compared to its average volume of 7,675,097. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm's 50-day simple moving average is $67.73 and its 200 day simple moving average is $65.24. The firm has a market capitalization of $82.78 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 4.77 and a beta of 0.46. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $8.82 billion. During the same period last year, the firm earned $0.86 EPS. Mondelez International's revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

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.