Pines Wealth Management LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Pines Wealth Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,131 shares of the company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Davis Capital Management raised its holdings in shares of Mondelez International by 10.9% in the first quarter. Davis Capital Management now owns 12,609 shares of the company's stock worth $856,000 after buying an additional 1,243 shares during the last quarter. Stablepoint Partners LLC raised its holdings in shares of Mondelez International by 16.1% in the first quarter. Stablepoint Partners LLC now owns 47,382 shares of the company's stock worth $3,215,000 after buying an additional 6,579 shares during the last quarter. 626 Financial LLC purchased a new position in shares of Mondelez International in the first quarter worth $203,000. Curat Global LLC purchased a new position in shares of Mondelez International in the first quarter worth $100,000. Finally, Generali Investments Management Co LLC raised its holdings in shares of Mondelez International by 24.9% in the first quarter. Generali Investments Management Co LLC now owns 26,700 shares of the company's stock worth $1,812,000 after buying an additional 5,320 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Mizuho increased their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International Stock Down 0.3%

MDLZ opened at $66.15 on Friday. 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 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a fifty day moving average of $66.43 and a two-hundred day moving average of $63.39. The stock has a market capitalization of $85.65 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.48.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders 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 dividend yield of 2.84%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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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