Ashton Thomas Private Wealth LLC Has $4.13 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Ashton Thomas Private Wealth LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,054 shares of the company’s stock after buying an additional 1,319 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Mondelez International were worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its holdings in shares of Mondelez International by 19.8% during the 3rd quarter. Alps Advisors Inc. now owns 39,512 shares of the company’s stock valued at $2,742,000 after purchasing an additional 6,517 shares in the last quarter. Scotia Capital Inc. boosted its holdings in shares of Mondelez International by 8.7% in the third quarter. Scotia Capital Inc. now owns 103,224 shares of the company’s stock valued at $7,165,000 after buying an additional 8,295 shares during the period. Royal London Asset Management Ltd. increased its position in shares of Mondelez International by 5.5% during the third quarter. Royal London Asset Management Ltd. now owns 533,502 shares of the company’s stock worth $37,033,000 after acquiring an additional 27,957 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its holdings in shares of Mondelez International by 99.5% during the third quarter. Industrial Alliance Investment Management Inc. now owns 10,216 shares of the company’s stock worth $709,000 after acquiring an additional 5,096 shares during the period. Finally, Crestwood Advisors Group LLC lifted its position in Mondelez International by 874.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 93,858 shares of the company’s stock valued at $6,514,000 after acquiring an additional 84,227 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. TD Cowen lowered their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Sanford C. Bernstein lifted their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Barclays reduced their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Stock Performance

Shares of MDLZ traded down $0.01 during mid-day trading on Friday, reaching $66.33. The company’s stock had a trading volume of 1,152,206 shares, compared to its average volume of 7,266,735. 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, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The business has a 50-day simple moving average of $68.52 and a two-hundred day simple moving average of $70.65. The stock has a market cap of $88.97 billion, a P/E ratio of 21.06, a PEG ratio of 2.55 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared 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 2.56%. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

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.