First Bancorp Inc ME Invests $224,000 in Mondelez International, Inc. $MDLZ

First Bancorp Inc ME acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,322 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Brighton Jones LLC increased its holdings in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. GAMMA Investing LLC increased its holdings in Mondelez International by 21.1% in the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock valued at $1,243,000 after purchasing an additional 3,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Mondelez International by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 497,768 shares of the company’s stock valued at $33,774,000 after purchasing an additional 9,386 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Mondelez International in the 1st quarter valued at $232,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after purchasing an additional 1,013 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $62.46 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a 50-day moving average of $62.22 and a two-hundred day moving average of $65.26. The stock has a market cap of $80.82 billion, a P/E ratio of 22.88, a PEG ratio of 5.58 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.82.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is 73.26%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Morgan Stanley decreased their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.84.

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.