Wealth Alliance LLC Purchases 4,171 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wealth Alliance LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,304 shares of the company's stock after acquiring an additional 4,171 shares during the period. Wealth Alliance LLC's holdings in Mondelez International were worth $1,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Vanguard Group Inc. increased its position in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the period. Finally, Norges Bank bought a new position in shares of Mondelez International in the fourth quarter worth $1,118,755,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDLZ. Barclays lifted their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Stifel Nicolaus boosted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, UBS Group lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $70.72.

Mondelez International Price Performance

NASDAQ MDLZ opened at $69.81 on Friday. The firm's fifty day simple moving average is $67.10 and its two-hundred day simple moving average is $64.57. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market capitalization of $90.39 billion, a P/E ratio of 25.95, a P/E/G ratio of 5.40 and a beta of 0.48.

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

Mondelez International Announces Dividend

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

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.

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