Beacon Financial Group Invests $245,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Beacon Financial Group acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,612 shares of the company’s stock, valued at approximately $245,000.

A number of other large investors also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $26,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the fourth quarter worth approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDLZ. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International Trading Down 0.3%

MDLZ opened at $66.15 on Friday. The stock has a market capitalization of $85.65 billion, a PE ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48. The firm’s fifty day moving average price is $66.43 and its 200 day moving average price is $63.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International’s dividend payout ratio is presently 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.