Diligent Investors LLC Has $1.62 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Diligent Investors LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,871 shares of the company’s stock after buying an additional 850 shares during the quarter. Diligent Investors LLC’s holdings in Mondelez International were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in Mondelez International in the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDLZ. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Evercore ISI raised their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Stock Down 0.6%

Shares of NASDAQ MDLZ opened at $66.63 on Thursday. The company has a market cap of $86.27 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 4.34 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $66.49 and a two-hundred day moving average price of $63.37. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is presently 69.89%.

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.