B. Riley Wealth Advisors Inc. Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

B. Riley Wealth Advisors Inc. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 24.7% in the third quarter, HoldingsChannel reports. The firm owned 42,163 shares of the company’s stock after buying an additional 8,347 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Mondelez International were worth $2,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. purchased a new stake in Mondelez International in the 1st quarter valued at about $100,000. United Bank grew its holdings in Mondelez International by 4.6% in the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after buying an additional 1,189 shares during the period. Cetera Investment Advisers lifted its stake in shares of Mondelez International by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,085 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Mondelez International in the 1st quarter valued at about $561,000. Finally, Covestor Ltd lifted its stake in shares of Mondelez International by 69.0% in the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $66.40 on Friday. The business’s 50 day moving average is $65.71 and its two-hundred day moving average is $63.71. Mondelez International, Inc. has a 52-week low of $54.72 and a 52-week high of $68.81. The firm has a market cap of $90.52 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.93 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.75.

Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its earnings results on Tuesday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The company had revenue of $8.70 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company posted $0.71 EPS. Mondelez International’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 3.17 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a $0.385 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.32%. Mondelez International’s dividend payout ratio (DPR) is 78.57%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. Mizuho lifted their price objective on Mondelez International from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 6th. TheStreet raised Mondelez International from a “c+” rating to a “b+” rating in a research note on Monday, December 12th. StockNews.com initiated coverage on Mondelez International in a research note on Thursday. They issued a “hold” rating on the stock. Royal Bank of Canada lowered Mondelez International from an “outperform” rating to a “sector perform” rating and set a $69.00 price objective on the stock. in a research note on Tuesday, January 3rd. Finally, Barclays boosted their price target on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Company Profile

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.