Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,023 shares of the company’s stock after acquiring an additional 169 shares during the quarter. Avior Wealth Management LLC’s holdings in Mondelez International were worth $364,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in Mondelez International during the 1st quarter valued at about $100,000. United Bank grew its stake in Mondelez International by 4.6% during the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after acquiring an additional 1,189 shares in the last quarter. Cetera Investment Advisers grew its stake in Mondelez International by 4.0% during the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after acquiring an additional 1,085 shares in the last quarter. Dakota Wealth Management purchased a new position in Mondelez International during the 1st quarter valued at about $561,000. Finally, Covestor Ltd grew its stake in Mondelez International by 69.0% during the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after acquiring an additional 518 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on MDLZ. Barclays lowered their target price 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 reduced their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Stock Performance

MDLZ opened at $68.11 on Friday. The stock has a market cap of $91.71 billion, a PE ratio of 18.76, a P/E/G ratio of 2.34 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59. The stock’s 50 day simple moving average is $70.60 and its 200-day simple moving average is $70.44.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. Mondelez International’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. Sell-side analysts forecast that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

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.