Clearstead Advisors LLC Has $1.06 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Clearstead Advisors LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 16.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,242 shares of the company’s stock after purchasing an additional 2,201 shares during the period. Clearstead Advisors LLC’s holdings in Mondelez International were worth $1,058,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Tyler Stone Wealth Management purchased a new position in shares of Mondelez International during the 2nd quarter valued at $25,000. Retirement Group LLC acquired a new stake in Mondelez International during the fourth quarter valued at $25,000. Carmel Capital Partners LLC purchased a new position in Mondelez International in the third quarter valued at about $28,000. Wolff Wiese Magana LLC grew its stake in Mondelez International by 79.5% in the second quarter. Wolff Wiese Magana LLC now owns 429 shares of the company’s stock valued at $31,000 after purchasing an additional 190 shares in the last quarter. Finally, VitalStone Financial LLC grew its stake in Mondelez International by 1,553.8% in the second quarter. VitalStone Financial LLC now owns 430 shares of the company’s stock valued at $30,000 after purchasing an additional 404 shares in the last quarter. 76.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Argus upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Tuesday, November 28th. Barclays upped their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, November 29th. Finally, DA Davidson assumed coverage on shares of Mondelez International in a report on Friday, December 8th. They set a “buy” rating and a $83.00 price objective for the company. Seventeen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $80.33.

Get Our Latest Research Report on Mondelez International

Mondelez International Stock Up 0.8 %

Shares of MDLZ opened at $76.34 on Wednesday. The stock has a market cap of $103.89 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.42 and a beta of 0.63. The company has a quick ratio of 0.41, a current ratio of 0.61 and a debt-to-equity ratio of 0.57. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.59. The company has a 50-day moving average price of $72.35 and a two-hundred day moving average price of $70.70.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a net margin of 12.97% and a return on equity of 15.59%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. Equities analysts predict that Mondelez International, Inc. will post 3.25 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, December 28th. Mondelez International’s dividend payout ratio is 50.75%.

Mondelez International Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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