Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Boosted by Burney Co.

Burney Co. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 918.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,877 shares of the company’s stock after purchasing an additional 47,686 shares during the period. Burney Co.’s holdings in Mondelez International were worth $3,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orleans Capital Management Corp LA grew its holdings in shares of Mondelez International by 10.5% during the 1st quarter. Orleans Capital Management Corp LA now owns 8,640 shares of the company’s stock valued at $605,000 after acquiring an additional 820 shares in the last quarter. Swedbank AB bought a new stake in Mondelez International in the first quarter worth $75,514,000. LRI Investments LLC bought a new stake in Mondelez International in the first quarter worth $135,000. Virtu Financial LLC bought a new stake in Mondelez International in the first quarter worth $3,968,000. Finally, Strategic Wealth Partners Ltd. boosted its holdings in Mondelez International by 34.5% in the first quarter. Strategic Wealth Partners Ltd. now owns 76,753 shares of the company’s stock worth $5,373,000 after purchasing an additional 19,694 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock traded up $2.37 during trading hours on Friday, hitting $70.68. 10,309,048 shares of the stock were exchanged, compared to its average volume of 6,749,539. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $94.81 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The business’s 50-day moving average is $66.81 and its two-hundred day moving average is $69.82.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDLZ. DA Davidson cut their target price 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. Bank of America cut their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. 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 research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.