Royal Fund Management LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,515 shares of the company’s stock, valued at approximately $876,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. V Square Quantitative Management LLC acquired a new position in Mondelez International during the third quarter worth about $180,000. LPL Financial LLC raised its position in shares of Mondelez International by 9.5% in the third quarter. LPL Financial LLC now owns 1,143,370 shares of the company’s stock valued at $79,350,000 after buying an additional 98,809 shares during the last quarter. Stifel Financial Corp raised its position in shares of Mondelez International by 6.5% in the third quarter. Stifel Financial Corp now owns 979,815 shares of the company’s stock valued at $68,000,000 after buying an additional 60,081 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Mondelez International by 6.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 25,373 shares of the company’s stock valued at $1,761,000 after buying an additional 1,552 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Mondelez International by 41.2% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 63,623 shares of the company’s stock valued at $4,415,000 after buying an additional 18,580 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.
Analysts Set New Price Targets
MDLZ has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Barclays lowered their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.
Mondelez International Stock Up 1.0 %
Shares of MDLZ stock traded up $0.66 on Monday, hitting $67.17. The stock had a trading volume of 1,447,090 shares, compared to its average volume of 7,269,690. The firm has a market capitalization of $90.10 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.53 and a beta of 0.54. The stock’s 50 day moving average is $68.86 and its 200-day moving average is $70.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion for 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%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. As a group, research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.
Mondelez International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.53%. Mondelez International’s dividend payout ratio is presently 53.97%.
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.
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