Steele Capital Management Inc. Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Steele Capital Management Inc. bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,447 shares of the company’s stock, valued at approximately $322,000.

Other institutional investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at $28,000. First Command Advisory Services Inc. purchased a new stake in Mondelez International during the third quarter valued at about $29,000. HHM Wealth Advisors LLC acquired a new stake in Mondelez International during the fourth quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the third quarter worth about $35,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Barclays decreased their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.50.

Mondelez International Stock Up 0.7 %

Shares of MDLZ stock traded up $0.53 during mid-day trading on Tuesday, reaching $72.36. 2,253,321 shares of the company were exchanged, compared to its average volume of 7,847,274. 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 business’s 50 day simple moving average is $70.45 and its 200 day simple moving average is $70.79. The company has a market capitalization of $97.43 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.46 and a beta of 0.56. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 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 revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. Research analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared 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 of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.35%. Mondelez International’s dividend payout ratio (DPR) is 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.