Allen Capital Group LLC Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Allen Capital Group LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,280 shares of the company’s stock after purchasing an additional 248 shares during the quarter. Allen Capital Group LLC’s holdings in Mondelez International were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Tyler Stone Wealth Management purchased a new position in Mondelez International during the 2nd quarter worth $25,000. Retirement Group LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $25,000. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International during the third quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International during the third quarter worth about $29,000. Finally, Orion Capital Management LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $35,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays lowered their price objective 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. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. dropped 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. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Performance

Shares of MDLZ opened at $65.98 on Wednesday. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The stock has a market cap of $88.84 billion, a P/E ratio of 18.18, a PEG ratio of 2.29 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $71.02 and a two-hundred day moving average of $70.50.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is currently 46.83%.

About Mondelez International

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.