Valeo Financial Advisors LLC Buys 4,628 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Valeo Financial Advisors LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,009 shares of the company's stock after purchasing an additional 4,628 shares during the quarter. Valeo Financial Advisors LLC's holdings in Mondelez International were worth $2,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its holdings in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its position in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares in the last quarter. Sound Income Strategies LLC lifted its position in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares during the period. Baker Avenue Asset Management LP lifted its stake in Mondelez International by 4.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after acquiring an additional 193 shares during the period. Finally, City Holding Co. lifted its holdings in Mondelez International by 28.0% in the first quarter. City Holding Co. now owns 896 shares of the company's stock valued at $61,000 after acquiring an additional 196 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.9%

Shares of NASDAQ:MDLZ traded down $0.63 during midday trading on Tuesday, hitting $68.19. 6,727,753 shares of the stock were exchanged, compared to its average volume of 8,080,019. The business's 50-day moving average price is $66.99 and its 200 day moving average price is $64.10. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market capitalization of $88.29 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 5.35 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business 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 15.94% and a net margin of 9.90%. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.76%. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. UBS Group lifted their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target 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. Finally, Evercore ISI boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International 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.