Catalina Capital Group LLC Purchases Shares of 5,508 Mondelez International, Inc. (NASDAQ:MDLZ)

Catalina Capital Group LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,508 shares of the company’s stock, valued at approximately $386,000.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $34,000. Finally, Orion Capital Management LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.1 %

MDLZ stock traded up $0.69 on Wednesday, hitting $65.93. 6,903,833 shares of the company’s stock were exchanged, compared to its average volume of 7,293,217. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The firm has a 50 day moving average price of $68.20 and a two-hundred day moving average price of $70.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market cap of $88.44 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.54 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its 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. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.58%. Mondelez International’s payout ratio is presently 53.97%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDLZ. Sanford C. Bernstein raised their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays decreased their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.33.

Mondelez International 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.