Bleakley Financial Group LLC Has $2.13 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bleakley Financial Group LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,379 shares of the company’s stock after purchasing an additional 2,841 shares during the quarter. Bleakley Financial Group LLC’s holdings in Mondelez International were worth $2,127,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDLZ. Bogart Wealth LLC raised its stake in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Mondelez International in the fourth quarter valued at $26,000. HHM Wealth Advisors LLC bought a new stake in Mondelez International in the fourth quarter valued at $29,000. Transcendent Capital Group LLC bought a new stake in Mondelez International in the fourth quarter valued at $34,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Mondelez International in the fourth quarter valued at $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.94.

Mondelez International Trading Up 2.0 %

NASDAQ MDLZ opened at $67.12 on Thursday. The firm has a market cap of $90.03 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.64 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. The stock’s 50-day moving average is $67.63 and its 200-day moving average is $70.30. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio is currently 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.