Investors Research Corp Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Investors Research Corp grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,327 shares of the company’s stock after purchasing an additional 243 shares during the period. Investors Research Corp’s holdings in Mondelez International were worth $96,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Tyler Stone Wealth Management purchased a new stake in shares of Mondelez International during the 2nd quarter worth $25,000. Retirement Group LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $25,000. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth about $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International in the 3rd quarter worth about $29,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth about $35,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Citigroup decreased their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $65.98 on Wednesday. The business’s 50-day moving average price is $71.02 and its 200-day moving average price is $70.50. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $88.84 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.29 and a beta of 0.56. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. Mondelez International’s payout ratio is currently 46.83%.

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.