First Fiduciary Investment Counsel Inc. Has $4.85 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

First Fiduciary Investment Counsel Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1,225.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,894 shares of the company’s stock after purchasing an additional 61,848 shares during the quarter. First Fiduciary Investment Counsel Inc.’s holdings in Mondelez International were worth $4,845,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in Mondelez International in the third quarter worth $28,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International during the third quarter valued at about $29,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the third quarter valued at about $35,000. Impact Partnership Wealth LLC grew its holdings in shares of Mondelez International by 1,865.6% during the third quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 597 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new position in shares of Mondelez International during the third quarter valued at about $45,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $70.61 on Friday. The firm has a market cap of $95.07 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.46 and a beta of 0.56. 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, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The firm’s 50-day simple moving average is $70.45 and its two-hundred day simple moving average is $70.61.

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.