Cetera Advisors LLC Purchases 30,280 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cetera Advisors LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 102.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,699 shares of the company’s stock after purchasing an additional 30,280 shares during the period. Cetera Advisors LLC’s holdings in Mondelez International were worth $4,179,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Graypoint LLC increased its stake in Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its stake in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock valued at $1,192,000 after purchasing an additional 138 shares in the last quarter. Rossmore Private Capital increased its stake in Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after purchasing an additional 139 shares in the last quarter. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in Mondelez International by 1.1% in the fourth quarter. Essex Financial Services Inc. now owns 13,732 shares of the company’s stock valued at $995,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock traded up $2.37 during trading hours on Friday, reaching $70.68. The stock had a trading volume of 10,309,048 shares, compared to its average volume of 6,749,539. The stock has a market capitalization of $94.81 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a 50-day simple moving average of $66.81 and a 200 day simple moving average of $69.80. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. Analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MDLZ. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, TD Cowen lowered their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $79.06.

Mondelez International Company 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.