Wellington Shields & Co. LLC Has $272,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wellington Shields & Co. LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,002 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Mondelez International were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Eastern Bank raised its stake in Mondelez International by 1.3% in the first quarter. Eastern Bank now owns 263,092 shares of the company’s stock valued at $17,851,000 after purchasing an additional 3,409 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Mondelez International by 3.9% in the first quarter. Harvest Fund Management Co. Ltd now owns 81,749 shares of the company’s stock valued at $5,547,000 after purchasing an additional 3,052 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Mondelez International in the first quarter valued at about $2,355,000. Federated Hermes Inc. grew its position in Mondelez International by 203.6% in the first quarter. Federated Hermes Inc. now owns 78,965 shares of the company’s stock valued at $5,358,000 after acquiring an additional 52,955 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Mondelez International in the first quarter valued at about $188,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Mondelez International from $69.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Morgan Stanley lifted their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Evercore ISI lifted their target price on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their target price on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and lifted their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.72.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $69.71 on Wednesday. The stock has a market cap of $90.26 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 5.24 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average is $67.79 and its 200-day moving average is $65.14. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

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

Mondelez International Dividend Announcement

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

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.