Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lifted by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,148 shares of the company’s stock after buying an additional 2,859 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Mondelez International were worth $715,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MDLZ. Bogart Wealth LLC boosted its holdings in shares of Mondelez International by 63.9% during the fourth 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. acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $34,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MDLZ. Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup reduced 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. Finally, Sanford C. Bernstein reduced their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.39.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.15 on Thursday, reaching $66.55. The stock had a trading volume of 2,197,709 shares, compared to its average volume of 7,183,402. 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 price is $67.15 and its two-hundred day moving average price is $70.07. The stock has a market cap of $89.27 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is currently 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.