Mosaic Family Wealth Partners LLC Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Mosaic Family Wealth Partners LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,364 shares of the company’s stock after purchasing an additional 302 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Mondelez International were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Railway Pension Investments Ltd increased its holdings in Mondelez International by 2.2% in the first quarter. Railway Pension Investments Ltd now owns 596,642 shares of the company’s stock valued at $41,765,000 after buying an additional 13,000 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in Mondelez International in the first quarter valued at $321,000. Cambridge Trust Co. increased its holdings in Mondelez International by 0.4% in the first quarter. Cambridge Trust Co. now owns 248,825 shares of the company’s stock valued at $17,418,000 after buying an additional 910 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in Mondelez International in the first quarter valued at $97,000. Finally, Cetera Advisors LLC grew its position in shares of Mondelez International by 102.9% in the first quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock valued at $4,179,000 after purchasing an additional 30,280 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDLZ shares. Barclays dropped their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Evercore ISI lowered their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Bank of America lowered their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.06.

Mondelez International Trading Up 3.5 %

Shares of Mondelez International stock traded up $2.37 on Friday, reaching $70.68. The company had a trading volume of 10,309,048 shares, compared to its average volume of 6,749,539. The firm’s 50 day moving average price is $66.81 and its two-hundred day moving average price is $69.80. The firm has a market cap of $94.81 billion, a PE ratio of 22.44, a PEG ratio of 2.76 and a beta of 0.53. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio is presently 53.97%.

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.