Newbridge Financial Services Group Inc. Has $104,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Newbridge Financial Services Group Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432 shares of the company’s stock after acquiring an additional 455 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Mondelez International were worth $104,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MDLZ. Murphy Middleton Hinkle & Parker Inc. increased its stake in shares of Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after buying an additional 136 shares in the last quarter. Cobblestone Asset Management LLC increased its stake in shares of Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after buying an additional 138 shares in the last quarter. Graypoint LLC boosted its holdings in Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after acquiring an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Mondelez International by 0.8% in the fourth 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 boosted its holdings in Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after acquiring an additional 139 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen decreased their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Citigroup reduced their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Finally, Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Read Our Latest Stock Report on Mondelez International

Mondelez International Stock Performance

MDLZ traded down $0.10 during trading on Tuesday, hitting $65.98. The stock had a trading volume of 326,252 shares, compared to its average volume of 7,263,026. The company has a 50 day moving average price of $68.92 and a 200-day moving average price of $71.09. The firm has a market cap of $88.50 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.53 and a beta of 0.55. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its earnings results 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 company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

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

Mondelez International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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