First Bancorp Inc ME Takes $201,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

First Bancorp Inc ME acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, HoldingsChannel reports. The firm acquired 2,733 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in the stock. RFG Advisory LLC grew its holdings in shares of Mondelez International by 10.8% during the first quarter. RFG Advisory LLC now owns 4,992 shares of the company’s stock worth $349,000 after buying an additional 487 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Mondelez International by 0.6% in the first quarter. Congress Asset Management Co. MA now owns 138,050 shares of the company’s stock valued at $9,663,000 after purchasing an additional 783 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Mondelez International by 8.7% in the first quarter. Douglas Lane & Associates LLC now owns 13,028 shares of the company’s stock worth $912,000 after purchasing an additional 1,045 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Mondelez International by 1.2% during the first quarter. Salem Investment Counselors Inc. now owns 96,412 shares of the company’s stock worth $6,789,000 after purchasing an additional 1,151 shares during the last quarter. Finally, Royal Fund Management LLC acquired a new position in Mondelez International during the first quarter worth $876,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Up 0.6 %

NASDAQ MDLZ traded up $0.46 during trading hours on Friday, reaching $71.58. The company’s stock had a trading volume of 7,373,977 shares, compared to its average volume of 6,796,242. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a 52 week low of $63.66 and a 52 week high of $77.20. The firm has a fifty day simple moving average of $72.53 and a 200-day simple moving average of $69.61. The stock has a market cap of $96.01 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.87 and a beta of 0.54.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Mondelez International’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

Several equities research analysts have commented on MDLZ shares. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Citigroup raised their price target on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Evercore ISI raised 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. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.88.

About Mondelez International

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.