First Foundation Advisors Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First Foundation Advisors lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.1% in the 1st quarter, Holdings Channel reports. The firm owned 7,907 shares of the company’s stock after acquiring an additional 1,152 shares during the period. First Foundation Advisors’ holdings in Mondelez International were worth $553,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC grew its holdings in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the fourth quarter worth $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $34,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Mondelez International during the fourth quarter valued at about $36,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.47 during mid-day trading on Friday, reaching $66.45. The stock had a trading volume of 5,012,578 shares, compared to its average volume of 7,030,763. 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 company has a market cap of $89.13 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.75 and a beta of 0.53. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The business’s 50 day moving average price is $67.47 and its 200 day moving average price is $70.21.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.425 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. Mondelez International’s dividend payout ratio is currently 53.97%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday. JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.72.

About Mondelez International

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.