SeaCrest Wealth Management LLC Acquires 156 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

SeaCrest Wealth Management LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,130 shares of the company’s stock after buying an additional 156 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Mondelez International were worth $894,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MDLZ. NBC Securities Inc. raised its holdings in Mondelez International by 8.0% during the 1st quarter. NBC Securities Inc. now owns 13,629 shares of the company’s stock valued at $954,000 after buying an additional 1,006 shares during the last quarter. Rise Advisors LLC boosted its holdings in shares of Mondelez International by 726.4% during the first quarter. Rise Advisors LLC now owns 752 shares of the company’s stock worth $53,000 after purchasing an additional 661 shares during the period. Alaska Permanent Fund Corp boosted its holdings in shares of Mondelez International by 76.4% during the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after purchasing an additional 27,370 shares during the period. Curbstone Financial Management Corp grew its stake in shares of Mondelez International by 2.4% in the first quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after purchasing an additional 150 shares during the last quarter. Finally, Thomasville National Bank increased its holdings in Mondelez International by 5.7% during the 1st quarter. Thomasville National Bank now owns 8,760 shares of the company’s stock valued at $613,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. DA Davidson cut their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.65.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $71.91 on Thursday. The company has a market capitalization of $96.46 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.87 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock’s 50-day simple moving average is $72.48 and its 200-day simple moving average is $69.58. Mondelez International, Inc. has a 52 week low of $62.42 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the firm earned $0.76 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

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.