Tounjian Advisory Partners LLC Makes New $790,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Tounjian Advisory Partners LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,636 shares of the company's stock, valued at approximately $790,000.

Other hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $26,000. Transce3nd LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International during the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 1.7%

Shares of NASDAQ:MDLZ traded down $1.19 during mid-day trading on Friday, hitting $66.93. 6,528,752 shares of the company traded hands, compared to its average volume of 8,045,816. The stock has a market cap of $86.66 billion, a P/E ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a 50-day moving average price of $66.50 and a two-hundred day moving average price of $63.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, equities research analysts forecast 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. 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 2.81%. Mondelez International's payout ratio is 69.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. UBS Group raised their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Wells Fargo & Company raised their target price 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. 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. Finally, DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.11.

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.