Dakota Wealth Management Purchases 2,107 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Dakota Wealth Management lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,342 shares of the company’s stock after purchasing an additional 2,107 shares during the period. Dakota Wealth Management’s holdings in Mondelez International were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Tyler Stone Wealth Management acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $25,000. Retirement Group LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $25,000. Carmel Capital Partners LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new stake in Mondelez International during the third quarter worth approximately $29,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in Mondelez International during the 3rd quarter worth $34,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Trading Down 1.2 %

Shares of MDLZ stock opened at $65.87 on Tuesday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The stock’s fifty day simple moving average is $71.21 and its 200 day simple moving average is $70.52. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $88.69 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.32 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

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.