Avestar Capital LLC Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Avestar Capital LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,445 shares of the company’s stock after acquiring an additional 1,095 shares during the period. Avestar Capital LLC’s holdings in Mondelez International were worth $397,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $1,231,413,000. Canada Pension Plan Investment Board grew its stake in shares of Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after buying an additional 1,159,900 shares during the period. Franklin Resources Inc. grew its stake in shares of Mondelez International by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 6,997,932 shares of the company’s stock valued at $506,860,000 after buying an additional 1,053,067 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth approximately $71,311,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Mondelez International by 38.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after purchasing an additional 900,445 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.1 %

Shares of NASDAQ:MDLZ traded down $0.09 during trading on Friday, reaching $67.80. The stock had a trading volume of 1,667,293 shares, compared to its average volume of 7,459,438. The business has a fifty day moving average price of $69.47 and a 200-day moving average price of $71.39. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a market cap of $90.94 billion, a P/E ratio of 21.58, a PEG ratio of 2.48 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.51%. Mondelez International’s payout ratio is 53.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays lowered their price objective on shares of 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. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Sanford C. Bernstein lifted their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

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.