RWA Wealth Partners LLC Purchases 8,503 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

RWA Wealth Partners LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 128.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,114 shares of the company’s stock after acquiring an additional 8,503 shares during the period. RWA Wealth Partners LLC’s holdings in Mondelez International were worth $1,095,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MDLZ. Barclays PLC raised its holdings in Mondelez International by 48.8% in the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after purchasing an additional 1,623,588 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Mondelez International by 44.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after purchasing an additional 1,159,900 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Mondelez International in the third quarter worth about $71,311,000. Envestnet Asset Management Inc. raised its holdings in Mondelez International by 38.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after purchasing an additional 900,445 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in shares of Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after acquiring an additional 838,651 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $71.31 on Thursday. The business’s 50 day moving average price is $70.50 and its 200 day moving average price is $70.56. The firm has a market cap of $96.02 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.46 and a beta of 0.56. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the previous year, the company posted $0.73 earnings per share. Mondelez International’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is presently 46.83%.

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.