Thrive Wealth Management LLC Purchases Shares of 4,388 Mondelez International, Inc. (NASDAQ:MDLZ)

Thrive Wealth Management LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,388 shares of the company's stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $66.37 on Friday. The firm has a market cap of $85.94 billion, a P/E ratio of 19.41, a P/E/G ratio of 4.34 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 business's 50 day moving average price is $66.46 and its 200-day moving average price is $63.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. Mondelez International's dividend payout ratio is presently 69.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Barclays lifted their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price target on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55.

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.

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