Thrive Wealth Management LLC Purchases 501 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Thrive Wealth Management LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,578 shares of the company’s stock after purchasing an additional 501 shares during the quarter. Thrive Wealth Management LLC’s holdings in Mondelez International were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Bogart Wealth LLC increased its position 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 acquiring an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Mondelez International in the 4th quarter valued at approximately $26,000. HHM Wealth Advisors LLC bought a new stake in Mondelez International during the 4th quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $34,000. Finally, Orion Capital Management LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MDLZ. Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Citigroup decreased their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Wells Fargo & Company cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Finally, Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.04 during trading hours on Thursday, hitting $66.60. 4,751,292 shares of the company were exchanged, compared to its average volume of 7,296,049. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $68.95 and a 200 day simple moving average of $70.88. The stock has a market capitalization of $89.33 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.60 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.16 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. Mondelez International’s 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.