Choate Investment Advisors Boosts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Choate Investment Advisors lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,940 shares of the company’s stock after purchasing an additional 185 shares during the period. Choate Investment Advisors’ holdings in Mondelez International were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiduciary Family Office LLC increased its stake in shares of Mondelez International by 13.2% in the 1st quarter. Fiduciary Family Office LLC now owns 13,522 shares of the company’s stock worth $947,000 after acquiring an additional 1,582 shares in the last quarter. Sei Investments Co. increased its stake in shares of Mondelez International by 15.8% in the 1st quarter. Sei Investments Co. now owns 802,791 shares of the company’s stock worth $56,195,000 after acquiring an additional 109,457 shares in the last quarter. Atomi Financial Group Inc. increased its stake in shares of Mondelez International by 8.3% in the 1st quarter. Atomi Financial Group Inc. now owns 6,481 shares of the company’s stock worth $454,000 after acquiring an additional 495 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its stake in shares of Mondelez International by 5.9% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 5,761 shares of the company’s stock worth $404,000 after acquiring an additional 321 shares in the last quarter. Finally, KCM Investment Advisors LLC increased its stake in shares of Mondelez International by 2.1% in the 1st quarter. KCM Investment Advisors LLC now owns 10,487 shares of the company’s stock worth $734,000 after acquiring an additional 219 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research reports. Sanford C. Bernstein increased their price target 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 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 research note on Thursday, April 11th. Bank of America reduced their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen reduced their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, Wells Fargo & Company dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.33.

Mondelez International Trading Up 1.4 %

Shares of MDLZ traded up $0.88 during trading hours on Tuesday, reaching $65.23. 539,927 shares of the company traded hands, compared to its average volume of 7,254,395. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The stock’s fifty day moving average price is $67.80 and its 200 day moving average price is $70.37. The firm has a market cap of $87.50 billion, a price-to-earnings ratio of 20.43, a PEG 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 released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 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.