Hennion & Walsh Asset Management Inc. Has $1.03 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hennion & Walsh Asset Management Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,213 shares of the company’s stock after selling 531 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Mondelez International were worth $1,032,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Marshall Investment Management LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $26,000. Transce3nd LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on MDLZ shares. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Stifel Nicolaus increased their price target on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company increased their price target on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. One 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.11.

Mondelez International Stock Performance

Shares of MDLZ opened at $66.15 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average price is $66.43 and its 200-day moving average price is $63.40. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $85.65 billion, a P/E ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business earned $0.93 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.84%. Mondelez International’s 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.