Mitchell & Pahl Private Wealth LLC Buys 456 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mitchell & Pahl Private Wealth LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,266 shares of the company’s stock after acquiring an additional 456 shares during the period. Mondelez International makes up about 1.3% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 18th largest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Mondelez International were worth $2,868,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc boosted its stake in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after buying an additional 168 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after acquiring an additional 181 shares during the period. Core Alternative Capital lifted its holdings in Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after purchasing an additional 187 shares in the last quarter. Waldron Private Wealth LLC boosted its position in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock valued at $1,164,000 after acquiring an additional 191 shares during the period. Finally, 44 Wealth Management LLC increased its holdings in shares of Mondelez International by 2.6% in the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company’s stock worth $457,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MDLZ shares. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and increased their target price for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. UBS Group boosted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, Mizuho raised their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $67.61 on Monday. The company has a market cap of $87.54 billion, a PE ratio of 19.77, a P/E/G ratio of 4.34 and a beta of 0.50. The firm has a 50-day simple moving average of $66.50 and a 200 day simple moving average of $63.30. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Mondelez International’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio is currently 69.89%.

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.