Alpha Cubed Investments LLC Buys 254 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Alpha Cubed Investments LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,668 shares of the company’s stock after purchasing an additional 254 shares during the period. Alpha Cubed Investments LLC’s holdings in Mondelez International were worth $338,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp increased its position in Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after buying an additional 303,965 shares during the period. Bank of New York Mellon Corp increased its position in shares of Mondelez International by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock valued at $823,972,000 after purchasing an additional 65,976 shares during the period. Invesco Ltd. raised its stake in shares of Mondelez International by 9.2% in the third quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after purchasing an additional 648,270 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Mondelez International by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,271,547 shares of the company’s stock worth $504,645,000 after purchasing an additional 69,381 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Mondelez International by 7.8% during the fourth quarter. California Public Employees Retirement System now owns 6,235,276 shares of the company’s stock worth $451,621,000 after buying an additional 450,459 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Citigroup decreased 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 analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Trading Down 1.7 %

Shares of NASDAQ MDLZ opened at $70.69 on Thursday. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.54. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $70.36 and a two-hundred day moving average of $70.87. The company has a market cap of $95.18 billion, a PE ratio of 22.44, a P/E/G ratio of 2.50 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share 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 net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.51 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.40%. Mondelez International’s dividend payout ratio is currently 53.97%.

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.