C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Raises Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 142.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,576 shares of the company’s stock after buying an additional 7,975 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Mondelez International were worth $950,000 as of its most recent SEC filing.

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

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.58 on Wednesday, reaching $65.82. 5,036,713 shares of the stock were exchanged, compared to its average volume of 7,278,964. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $68.20 and a two-hundred day moving average price of $70.56. The firm has a market capitalization of $88.29 billion, a PE ratio of 20.83, a PEG ratio of 2.54 and a beta of 0.53. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Barclays decreased their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Bank of America cut their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.33.

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.