Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,364 shares of the company’s stock after purchasing an additional 302 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Mondelez International were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Mondelez International during the fourth quarter worth approximately $1,231,413,000. Vanguard Group Inc. grew its stake in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares during the period. Capital Research Global Investors grew its stake in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after buying an additional 6,426,928 shares during the period. First Trust Advisors LP boosted its stake in shares of Mondelez International by 152.3% in the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI decreased their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $79.06.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $2.37 on Friday, reaching $70.68. 10,309,048 shares of the company’s stock were exchanged, compared to its average volume of 6,749,539. The firm has a market capitalization of $94.81 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The business’s 50-day moving average is $66.81 and its two-hundred day moving average is $69.80. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is 53.97%.

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.