Handelsinvest Investeringsforvaltning Buys 342 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Handelsinvest Investeringsforvaltning increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,123 shares of the company’s stock after purchasing an additional 342 shares during the period. Mondelez International makes up approximately 0.8% of Handelsinvest Investeringsforvaltning’s portfolio, making the stock its 25th biggest holding. Handelsinvest Investeringsforvaltning’s holdings in Mondelez International were worth $1,619,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Murphy Middleton Hinkle & Parker Inc. increased its holdings in Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after buying an additional 136 shares in the last quarter. Cobblestone Asset Management LLC increased its holdings in Mondelez International by 2.8% in the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after buying an additional 138 shares in the last quarter. Graypoint LLC increased its holdings in Mondelez International by 1.1% in the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after buying an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in Mondelez International by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after buying an additional 138 shares in the last quarter. Finally, Rossmore Private Capital grew its stake in shares of Mondelez International by 0.3% during the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after purchasing an additional 139 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.5 %

NASDAQ MDLZ opened at $65.72 on Wednesday. The stock’s 50 day moving average is $68.80 and its 200 day moving average is $70.75. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a market cap of $88.15 billion, a PE ratio of 20.96, a P/E/G ratio of 2.51 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS 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 analysts’ expectations of $9.16 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared 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 is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.59%. Mondelez International’s dividend payout ratio is presently 53.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore ISI cut their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. TD Cowen cut their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Finally, Sanford C. Bernstein boosted their price target on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

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.