FORA Capital LLC Buys New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

FORA Capital LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 111,920 shares of the company's stock, valued at approximately $6,685,000.

A number of other hedge funds have also modified their holdings of the business. ICICI Prudential Asset Management Co Ltd lifted its stake in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Czech National Bank grew its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after buying an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. lifted its position in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Legacy Private Trust Co. raised its stake in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after acquiring an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $313,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 1.3 %

MDLZ stock traded down $0.85 on Friday, hitting $66.37. 5,135,787 shares of the company were exchanged, compared to its average volume of 7,934,199. The stock has a market capitalization of $85.94 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business's fifty day moving average is $66.41 and its two-hundred day moving average is $63.53. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 (NASDAQ:MDLZ - Get Free Report) last issued 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 return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the company posted $0.93 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders 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 dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's payout ratio is currently 69.89%.

Analyst Ratings Changes

Several analysts have recently weighed in on MDLZ shares. Piper Sandler lifted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.55.

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.