PFG Investments LLC Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

PFG Investments LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 167.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,323 shares of the company's stock after buying an additional 10,853 shares during the period. PFG Investments LLC's holdings in Mondelez International were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company's stock valued at $264,000 after acquiring an additional 136 shares in the last quarter. Cobblestone Asset Management LLC lifted its position in shares of Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company's stock valued at $361,000 after acquiring an additional 138 shares in the last quarter. Graypoint LLC lifted its position in shares of Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company's stock valued at $890,000 after acquiring an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its stake in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company's stock valued at $1,192,000 after purchasing an additional 138 shares during the last quarter. Finally, Rossmore Private Capital increased its stake in Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company's stock valued at $3,625,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. dropped their target price on Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. Finally, Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $80.89.

Mondelez International Stock Down 0.3 %

Shares of MDLZ stock traded down $0.19 during trading hours on Friday, reaching $70.61. The company had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The company has a market capitalization of $95.07 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The stock's fifty day simple moving average is $70.45 and its 200 day simple moving average is $70.66.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. Mondelez International's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International's dividend payout ratio is currently 46.83%.

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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