Thurston Springer Miller Herd & Titak Inc. Has $3.04 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Thurston Springer Miller Herd & Titak Inc. boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,786 shares of the company's stock after buying an additional 8,544 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Mondelez International were worth $3,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. ICICI Prudential Asset Management Co Ltd raised its position in shares of Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock valued at $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the period. Rhumbline Advisers lifted its holdings in Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after acquiring an additional 37,897 shares during the last quarter. Amundi lifted its holdings in Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after acquiring an additional 478,225 shares during the last quarter. Finally, Quilter Plc boosted its stake in Mondelez International by 3.0% in the fourth quarter. Quilter Plc now owns 889,192 shares of the company's stock valued at $53,111,000 after acquiring an additional 26,023 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.22 on Friday, reaching $66.15. The company's stock had a trading volume of 6,279,009 shares, compared to its average volume of 8,029,547. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm's 50 day moving average is $66.46 and its two-hundred day moving average is $63.38. The stock has a market cap of $85.65 billion, a PE ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.48.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Analyst Ratings Changes

Several analysts recently issued reports on MDLZ shares. Stifel Nicolaus raised their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Mizuho raised their target price 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.55.

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.