Capital Investment Advisory Services LLC Acquires 11,330 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Capital Investment Advisory Services LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 152.1% in the 4th quarter, Holdings Channel reports. The firm owned 18,781 shares of the company’s stock after buying an additional 11,330 shares during the period. Capital Investment Advisory Services LLC’s holdings in Mondelez International were worth $1,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Klingenstein Fields & Co. LP lifted its stake in Mondelez International by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 273,907 shares of the company’s stock valued at $19,839,000 after acquiring an additional 2,578 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Mondelez International by 46.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 48,875 shares of the company’s stock worth $3,540,000 after acquiring an additional 15,601 shares during the period. EFG Asset Management Americas Corp. bought a new position in Mondelez International during the fourth quarter worth about $229,000. CWM LLC increased its position in Mondelez International by 22.0% during the fourth quarter. CWM LLC now owns 75,042 shares of the company’s stock worth $5,435,000 after acquiring an additional 13,536 shares during the period. Finally, Criterion Capital Advisors LLC bought a new position in Mondelez International during the fourth quarter worth about $785,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Stock Up 1.1 %

MDLZ traded up $0.74 during mid-day trading on Monday, reaching $68.85. 1,384,174 shares of the stock were exchanged, compared to its average volume of 7,547,146. 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 capitalization of $92.70 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.37 and a beta of 0.56. The company has a 50 day moving average price of $70.60 and a two-hundred day moving average price of $70.48. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The business 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 dividend yield of 2.47%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

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.