Wealth Enhancement Advisory Services LLC Buys 9,386 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wealth Enhancement Advisory Services LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 497,768 shares of the company's stock after purchasing an additional 9,386 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Mondelez International were worth $33,774,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Mondelez International by 13.9% during the 4th 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 last quarter. Geode Capital Management LLC lifted its position in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Mondelez International by 5.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Finally, Norges Bank bought a new stake in Mondelez International during the 4th quarter valued at $1,118,755,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MDLZ. 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 report on Wednesday, April 23rd. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. UBS Group raised their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, Barclays raised 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Trading Up 3.0%

MDLZ stock opened at $68.31 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The business's 50-day moving average is $66.66 and its 200 day moving average is $63.55. The stock has a market cap of $88.45 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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

Mondelez International Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.75%. Mondelez International's payout ratio is presently 69.89%.

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.

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