Ellevest Inc. Has $705,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Ellevest Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 46.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,804 shares of the company’s stock after acquiring an additional 3,718 shares during the quarter. Ellevest Inc.’s holdings in Mondelez International were worth $705,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MDLZ. Marshall Investment Management LLC bought a new position in Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $27,000. Transce3nd LLC bought a new position in Mondelez International during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter valued at $31,000. Finally, Sierra Ocean LLC acquired a new position in Mondelez International in the fourth quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.3 %

NASDAQ MDLZ opened at $66.37 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $66.41 and a 200 day simple moving average of $63.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market capitalization of $85.85 billion, a P/E ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Monday, March 31st. Mondelez International’s payout ratio is 69.89%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and raised their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Morgan Stanley boosted their price target on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

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.