Ameritas Advisory Services LLC Buys 510 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ameritas Advisory Services LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,413 shares of the company’s stock after acquiring an additional 510 shares during the period. Ameritas Advisory Services LLC’s holdings in Mondelez International were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc increased its holdings in Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after purchasing an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after purchasing an additional 168 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Mondelez International by 4.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company’s stock worth $284,000 after purchasing an additional 193 shares during the last quarter. City Holding Co. increased its stake in shares of Mondelez International by 28.0% in the first quarter. City Holding Co. now owns 896 shares of the company’s stock valued at $61,000 after buying an additional 196 shares during the period. Finally, Headinvest LLC raised its holdings in Mondelez International by 1.1% in the 4th quarter. Headinvest LLC now owns 18,193 shares of the company’s stock valued at $1,087,000 after buying an additional 197 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Morgan Stanley upped their price target on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $70.63.

Mondelez International Stock Performance

Shares of MDLZ opened at $69.02 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The stock’s fifty day moving average price is $66.85 and its two-hundred day moving average price is $63.92. The firm has a market cap of $89.36 billion, a PE ratio of 25.66, a PEG ratio of 5.39 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.72%. Mondelez International’s dividend payout ratio is currently 69.89%.

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.