Burling Wealth Partners LLC Invests $1.45 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Burling Wealth Partners LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,224 shares of the company's stock, valued at approximately $1,447,000.

A number of other institutional investors and hedge funds have also modified their holdings of MDLZ. Marshall Investment Management LLC purchased a new stake in Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in Mondelez International in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the 4th quarter valued at $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.7 %

Shares of Mondelez International stock traded down $0.49 on Monday, reaching $65.10. 6,660,775 shares of the company were exchanged, compared to its average volume of 7,909,423. The stock's 50 day moving average price is $65.85 and its 200-day moving average price is $63.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $84.21 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Wall Street Analyst Weigh In

A number of analysts have commented on MDLZ shares. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the company from $66.00 to $68.00 in a report on Thursday. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Barclays cut their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group raised their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average target price of $69.70.

Mondelez International Company 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.