Founders Financial Securities LLC Purchases 1,823 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Founders Financial Securities LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,051 shares of the company’s stock after acquiring an additional 1,823 shares during the quarter. Founders Financial Securities LLC’s holdings in Mondelez International were worth $1,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Guidance Capital Inc. grew its stake in shares of Mondelez International by 4.6% during the first quarter. Guidance Capital Inc. now owns 9,698 shares of the company’s stock worth $639,000 after purchasing an additional 427 shares during the period. Vicus Capital acquired a new position in Mondelez International in the first quarter valued at about $293,000. Hennion & Walsh Asset Management Inc. grew its stake in Mondelez International by 36.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 15,164 shares of the company’s stock valued at $1,061,000 after acquiring an additional 4,014 shares during the period. Toth Financial Advisory Corp grew its stake in Mondelez International by 0.7% in the first quarter. Toth Financial Advisory Corp now owns 138,265 shares of the company’s stock valued at $9,679,000 after acquiring an additional 976 shares during the period. Finally, Independence Bank of Kentucky grew its stake in Mondelez International by 15.2% in the first quarter. Independence Bank of Kentucky now owns 15,474 shares of the company’s stock valued at $1,083,000 after acquiring an additional 2,040 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.1 %

MDLZ traded down $0.73 on Friday, hitting $65.44. 10,899,642 shares of the company were exchanged, compared to its average volume of 5,805,895. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a market cap of $87.78 billion, a PE ratio of 20.77, a PEG ratio of 2.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The stock’s fifty day moving average is $68.89 and its 200-day moving average is $70.80.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Mondelez International’s revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders 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 yield of 2.60%. Mondelez International’s dividend payout ratio is 53.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. 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 note on Tuesday, June 4th. JPMorgan Chase & Co. decreased their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Sanford C. Bernstein boosted their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Finally, Evercore ISI cut their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

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.