NewEdge Wealth LLC Buys 5,947 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

NewEdge Wealth LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,555 shares of the company’s stock after buying an additional 5,947 shares during the period. NewEdge Wealth LLC’s holdings in Mondelez International were worth $4,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Murphy Middleton Hinkle & Parker Inc. increased its stake in shares of Mondelez International by 3.9% in the 4th 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 increased its position in Mondelez International by 2.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after buying an additional 138 shares in the last quarter. Beacon Capital Management LLC grew its stake in Mondelez International by 15.9% in the fourth quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock valued at $71,000 after acquiring an additional 140 shares during the period. Clear Harbor Asset Management LLC increased its holdings in shares of Mondelez International by 1.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company’s stock valued at $553,000 after acquiring an additional 140 shares in the last quarter. Finally, Johnson & White Wealth Management LLC raised its position in shares of Mondelez International by 3.2% during the fourth quarter. Johnson & White Wealth Management LLC now owns 4,520 shares of the company’s stock worth $327,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ traded down $0.09 during trading on Friday, reaching $66.69. The stock had a trading volume of 7,433,559 shares, compared to its average volume of 8,601,398. The business has a 50-day moving average of $71.39 and a 200-day moving average of $70.54. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market cap of $89.80 billion, a PE ratio of 18.37, a PEG ratio of 2.32 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. Mondelez International’s payout ratio is presently 46.83%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Citigroup cut their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

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.