Congress Asset Management Co. MA Purchases 783 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Congress Asset Management Co. MA raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 138,050 shares of the company’s stock after purchasing an additional 783 shares during the period. Congress Asset Management Co. MA’s holdings in Mondelez International were worth $9,663,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MDLZ. Bogart Wealth LLC increased its holdings in Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new position in Mondelez International in the fourth quarter valued at approximately $34,000. Finally, Orion Capital Management LLC bought a new position in Mondelez International during the third quarter valued at $35,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MDLZ. Wells Fargo & Company lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.22.

Mondelez International Price Performance

MDLZ traded up $0.45 on Friday, reaching $66.51. The company had a trading volume of 11,855,525 shares, compared to its average volume of 4,910,764. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a market cap of $89.21 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.53 and a beta of 0.54. The business has a 50 day simple moving average of $68.86 and a 200 day simple moving average of $70.96.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, June 28th. Mondelez International’s payout ratio is currently 53.97%.

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.