First Fiduciary Investment Counsel Inc. Acquires 62,339 Shares of Mondelez International, Inc. $MDLZ

First Fiduciary Investment Counsel Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 76.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,663 shares of the company’s stock after acquiring an additional 62,339 shares during the period. Mondelez International comprises 1.9% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 26th largest position. First Fiduciary Investment Counsel Inc.’s holdings in Mondelez International were worth $9,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingswood Wealth Advisors LLC lifted its holdings in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after buying an additional 1,013 shares during the period. Canopy Partners LLC lifted its holdings in shares of Mondelez International by 20.7% in the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after acquiring an additional 2,876 shares during the last quarter. TCW Group Inc. lifted its stake in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after purchasing an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after acquiring an additional 4,002 shares during the period. Finally, CORDA Investment Management LLC. increased its position in shares of Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after acquiring an additional 8,456 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.7%

Shares of NASDAQ:MDLZ opened at $61.45 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The company’s 50 day moving average is $62.28 and its two-hundred day moving average is $65.45. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $79.51 billion, a PE ratio of 22.51, a P/E/G ratio of 4.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s payout ratio is 73.26%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDLZ shares. Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Evercore ISI decreased their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $71.55.

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.