Axxcess Wealth Management LLC Acquires 1,244 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Axxcess Wealth Management LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,687 shares of the company’s stock after purchasing an additional 1,244 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Mondelez International were worth $4,458,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MDLZ. Bogart Wealth LLC lifted its position in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC bought a new stake in Mondelez International during the fourth quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $34,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Evercore ISI dropped their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, TD Cowen reduced their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.39.

Mondelez International Stock Performance

Mondelez International stock traded up $0.03 during midday trading on Friday, hitting $66.42. The company’s stock had a trading volume of 5,756,836 shares, compared to its average volume of 7,204,167. The company has a 50-day moving average price of $67.04 and a two-hundred day moving average price of $70.04. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a market cap of $89.09 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.75 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.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

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