Nicolet Advisory Services LLC purchased a new stake in shares of Mondelez International Inc (NASDAQ:MDLZ) in the first quarter, HoldingsChannel reports. The institutional investor purchased 4,730 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Vanguard Group Inc grew its position in shares of Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after acquiring an additional 944,384 shares during the period. CWM LLC grew its position in shares of Mondelez International by 25.3% in the 4th quarter. CWM LLC now owns 3,710 shares of the company’s stock valued at $149,000 after acquiring an additional 750 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Mondelez International by 2.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 45,674 shares of the company’s stock valued at $1,828,000 after acquiring an additional 1,104 shares during the period. Cedar Capital LLC grew its position in shares of Mondelez International by 52.5% in the 4th quarter. Cedar Capital LLC now owns 8,194 shares of the company’s stock valued at $328,000 after acquiring an additional 2,821 shares during the period. Finally, Miles Capital Inc. grew its position in shares of Mondelez International by 65.9% in the 4th quarter. Miles Capital Inc. now owns 14,186 shares of the company’s stock valued at $568,000 after acquiring an additional 5,635 shares during the period. 75.95% of the stock is owned by institutional investors.

In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of Mondelez International stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the completion of the sale, the executive vice president now owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Shares of MDLZ stock opened at $51.56 on Tuesday. The stock has a market cap of $73.25 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.68 and a beta of 0.82. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $52.98.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. Mondelez International’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts forecast that Mondelez International Inc will post 2.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, June 27th. Mondelez International’s payout ratio is 42.80%.

MDLZ has been the subject of a number of analyst reports. ValuEngine downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. BidaskClub downgraded shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Credit Suisse Group lifted their price objective on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.67.

TRADEMARK VIOLATION WARNING: “Nicolet Advisory Services LLC Takes $236,000 Position in Mondelez International Inc (MDLZ)” was reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2019/06/04/nicolet-advisory-services-llc-takes-236000-position-in-mondelez-international-inc-mdlz.html.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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