M&R Capital Management Inc. Purchases 648 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

M&R Capital Management Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,075 shares of the company’s stock after buying an additional 648 shares during the quarter. M&R Capital Management Inc.’s holdings in Mondelez International were worth $1,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after acquiring an additional 1,686,229 shares in the last quarter. Capital Research Global Investors raised its position in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares in the last quarter. Capital World Investors lifted its holdings in shares of Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares during the period. Northern Trust Corp grew its position in shares of Mondelez International by 1.8% during the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after buying an additional 303,965 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Mondelez International in the fourth quarter valued at about $1,231,413,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MDLZ shares. Wells Fargo & Company decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Sanford C. Bernstein raised their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Barclays cut their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.06 during trading hours on Tuesday, hitting $66.14. 1,822,310 shares of the company’s stock traded hands, compared to its average volume of 7,275,813. The company has a market capitalization of $88.72 billion, a PE ratio of 21.04, a PEG ratio of 2.53 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm’s 50-day moving average is $68.92 and its 200-day moving average is $71.09.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.57%. Mondelez International’s payout ratio is 53.97%.

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.