Waterfront Wealth Inc. Buys 210 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Waterfront Wealth Inc. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,759 shares of the company’s stock after purchasing an additional 210 shares during the period. Waterfront Wealth Inc.’s holdings in Mondelez International were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Murphy Middleton Hinkle & Parker Inc. boosted its stake in Mondelez International by 3.9% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after buying an additional 136 shares during the last quarter. Cobblestone Asset Management LLC boosted its position in shares of Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after acquiring an additional 138 shares during the last quarter. Graypoint LLC boosted its position in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after acquiring an additional 138 shares during the last quarter. Beacon Capital Management LLC grew its holdings in shares of Mondelez International by 15.9% in the fourth quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock valued at $71,000 after purchasing an additional 140 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its position in Mondelez International by 1.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company’s stock worth $553,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.4 %

NASDAQ MDLZ traded up $0.24 on Thursday, reaching $66.75. 438,920 shares of the stock traded hands, compared to its average volume of 7,474,094. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.59. The company has a market cap of $89.88 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.29 and a beta of 0.56. The company has a fifty day moving average price of $70.86 and a 200-day moving average price of $70.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup decreased their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

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.