Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% in the first quarter, Holdings Channel reports. The firm owned 151,128 shares of the company’s stock after purchasing an additional 7,712 shares during the quarter. Leith Wheeler Investment Counsel Ltd.’s holdings in Mondelez International were worth $10,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Bogart Wealth LLC grew its position in shares of Mondelez International by 63.9% in the 4th 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. acquired a new position in Mondelez International in the fourth quarter worth $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $29,000. Transcendent Capital Group LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $34,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $36,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $0.30 on Friday, reaching $65.62. 2,335,292 shares of the company traded hands, compared to its average volume of 7,257,158. The stock has a market capitalization of $88.02 billion, a PE ratio of 20.93, a P/E/G ratio of 2.53 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The company’s 50 day moving average is $68.00 and its 200-day moving average is $70.49. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.59%. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MDLZ shares. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. TD Cowen cut their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Sanford C. Bernstein upped their price objective on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Finally, Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.33.

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.