Alpha Omega Wealth Management LLC Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Alpha Omega Wealth Management LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,222 shares of the company's stock after buying an additional 4,301 shares during the period. Mondelez International comprises 1.1% of Alpha Omega Wealth Management LLC's portfolio, making the stock its 22nd largest holding. Alpha Omega Wealth Management LLC's holdings in Mondelez International were worth $5,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Transce3nd LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the 4th quarter worth $31,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.9%

Shares of MDLZ stock traded up $0.57 during trading hours on Thursday, reaching $67.52. 2,633,381 shares of the stock were exchanged, compared to its average volume of 8,027,689. The firm has a market capitalization of $87.43 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company's 50-day moving average price is $66.44 and its 200-day moving average price is $63.45. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analyst Ratings Changes

A number of analysts have commented on MDLZ shares. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Barclays lifted their price target 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. increased their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Finally, Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $70.11.

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.