Reynders McVeigh Capital Management LLC Has $404,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Reynders McVeigh Capital Management LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,761 shares of the company’s stock after acquiring an additional 321 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Mondelez International were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MDLZ. Bogart Wealth LLC raised 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 valued at $26,000 after buying an additional 140 shares during the last quarter. 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 bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $34,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $36,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MDLZ. Citigroup decreased their price target 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. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Evercore ISI reduced their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Wells Fargo & Company reduced their price objective on shares of 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, JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $80.33.

Mondelez International Stock Performance

Shares of MDLZ traded down $0.47 during midday trading on Monday, reaching $64.89. The stock had a trading volume of 2,779,063 shares, compared to its average volume of 7,269,196. The firm has a 50 day simple moving average of $67.91 and a 200-day simple moving average of $70.43. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The firm has a market cap of $87.04 billion, a PE ratio of 20.62, a P/E/G ratio of 2.62 and a beta of 0.53. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, June 28th. Mondelez International’s payout ratio is presently 53.97%.

Mondelez International Company 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.