11,193 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,193 shares of the company's stock, valued at approximately $759,000.

Several other institutional investors also recently modified their holdings of the stock. Abound Financial LLC bought a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the first quarter valued at approximately $26,000. Transce3nd LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC bought a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on MDLZ. Barclays increased their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $71.63.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $2.33 during trading hours on Thursday, reaching $69.80. 9,139,327 shares of the stock traded hands, compared to its average volume of 8,076,673. The company has a 50 day moving average price of $66.98 and a 200 day moving average price of $64.40. The firm has a market capitalization of $90.38 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 5.23 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.69%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Mondelez International Company Profile

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.