Larson Financial Group LLC Purchases 10,757 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Larson Financial Group LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 383.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,563 shares of the company's stock after buying an additional 10,757 shares during the quarter. Larson Financial Group LLC's holdings in Mondelez International were worth $920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Kingswood Wealth Advisors LLC boosted its stake in Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after buying an additional 1,013 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after purchasing an additional 4,002 shares during the last quarter. CORDA Investment Management LLC. lifted its stake in Mondelez International by 1.5% in the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock worth $38,920,000 after acquiring an additional 8,456 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Mondelez International by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock worth $1,040,697,000 after acquiring an additional 208,181 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.0%

Shares of NASDAQ MDLZ traded up $0.01 during midday trading on Friday, hitting $69.81. The stock had a trading volume of 10,412,195 shares, compared to its average volume of 8,085,978. The company's 50-day simple moving average is $67.03 and its 200 day simple moving average is $64.47. The firm has a market cap of $90.39 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.69%. Mondelez International's dividend payout ratio is presently 69.89%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Stifel Nicolaus upped their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and raised their target price for the company from $66.00 to $78.00 in a report on Thursday. Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Barclays raised their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.72.

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.