Carson Advisory Inc. Acquires 302 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Carson Advisory Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,991 shares of the company’s stock after purchasing an additional 302 shares during the period. Carson Advisory Inc.’s holdings in Mondelez International were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Brighton Jones LLC increased its position in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in Mondelez International by 1.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock valued at $20,009,000 after buying an additional 3,706 shares in the last quarter. Harbour Investments Inc. increased its position in Mondelez International by 19.8% during the 4th quarter. Harbour Investments Inc. now owns 8,739 shares of the company’s stock valued at $522,000 after buying an additional 1,443 shares in the last quarter. Evoke Wealth LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $367,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its position in Mondelez International by 27.0% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,690 shares of the company’s stock valued at $523,000 after buying an additional 1,848 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $69.80 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $67.03 and its two-hundred day simple moving average is $64.47. The stock has a market cap of $90.38 billion, a PE ratio of 25.95, a P/E/G ratio of 5.23 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the company from $66.00 to $78.00 in a research note on Thursday. 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, Royal Bank Of Canada reiterated an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $70.72.

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.