Beta Wealth Group Inc. Purchases 1,485 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Beta Wealth Group Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,588 shares of the company’s stock after buying an additional 1,485 shares during the period. Mondelez International accounts for about 2.0% of Beta Wealth Group Inc.’s portfolio, making the stock its 16th largest position. Beta Wealth Group Inc.’s holdings in Mondelez International were worth $3,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after acquiring an additional 136 shares during the last quarter. Cobblestone Asset Management LLC raised its position in Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after purchasing an additional 138 shares during the period. Graypoint LLC lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its holdings in shares of Mondelez International by 0.8% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after purchasing an additional 138 shares during the period. Finally, Rossmore Private Capital grew its holdings in shares of Mondelez International by 0.3% during the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein increased their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. cut their target price 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. Citigroup lowered their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Down 0.8 %

Shares of MDLZ stock traded down $0.55 during trading hours on Friday, reaching $68.30. 3,723,574 shares of the stock were exchanged, compared to its average volume of 6,363,477. The business’s fifty day moving average is $69.81 and its two-hundred day moving average is $71.46. The firm has a market capitalization of $91.61 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.53 and a beta of 0.55. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. 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 announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is 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.