Eastern Bank Purchases 3,409 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Eastern Bank lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,092 shares of the company’s stock after acquiring an additional 3,409 shares during the period. Eastern Bank’s holdings in Mondelez International were worth $17,851,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC bought a new stake in Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares during the last quarter. North Capital Inc. purchased a new position in shares of Mondelez International during the 1st quarter worth $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $30,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Barclays lifted their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $70.72.

Mondelez International Price Performance

Mondelez International stock opened at $69.71 on Wednesday. The stock has a market cap of $90.26 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 5.24 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a 50-day moving average of $67.79 and a two-hundred day moving average of $65.14.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.70%. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

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.