Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,054 shares of the company’s stock after buying an additional 1,319 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Mondelez International were worth $4,134,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC grew its holdings in Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the fourth quarter worth approximately $26,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $34,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDLZ. Sanford C. Bernstein boosted their target price on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Evercore ISI cut their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Finally, Wells Fargo & Company decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.01 during trading on Friday, hitting $66.33. 1,152,206 shares of the company traded hands, compared to its average volume of 7,266,735. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $68.52 and its 200-day moving average is $70.65. The stock has a market capitalization of $88.97 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.55 and a beta of 0.53. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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