Founders Financial Securities LLC Buys 1,823 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Founders Financial Securities LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% in the first quarter, HoldingsChannel.com reports. The firm owned 20,051 shares of the company’s stock after purchasing an additional 1,823 shares during the period. Founders Financial Securities LLC’s holdings in Mondelez International were worth $1,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Guidance Capital Inc. boosted its stake in shares of Mondelez International by 4.6% in the 1st quarter. Guidance Capital Inc. now owns 9,698 shares of the company’s stock worth $639,000 after buying an additional 427 shares during the last quarter. Vicus Capital purchased a new position in shares of Mondelez International in the 1st quarter worth approximately $293,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Mondelez International by 36.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 15,164 shares of the company’s stock worth $1,061,000 after buying an additional 4,014 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in shares of Mondelez International by 0.7% in the 1st quarter. Toth Financial Advisory Corp now owns 138,265 shares of the company’s stock worth $9,679,000 after buying an additional 976 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its stake in shares of Mondelez International by 15.2% in the 1st quarter. Independence Bank of Kentucky now owns 15,474 shares of the company’s stock worth $1,083,000 after buying an additional 2,040 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their target price on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. cut their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Barclays dropped their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup dropped their price objective on 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, Wells Fargo & Company dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.73 during trading on Friday, hitting $65.44. The stock had a trading volume of 10,899,642 shares, compared to its average volume of 5,805,895. The firm has a market cap of $87.78 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.55 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The business’s 50-day moving average is $68.89 and its 200 day moving average is $70.80. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.60%. Mondelez International’s dividend payout ratio is presently 53.97%.

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.