Alteri Wealth LLC Invests $297,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Alteri Wealth LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,970 shares of the company's stock, valued at approximately $297,000.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its stake in Mondelez International by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,757,334 shares of the company's stock valued at $547,125,000 after acquiring an additional 131,974 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Mondelez International by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company's stock worth $115,446,000 after purchasing an additional 82,742 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Mondelez International by 8.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 11,644 shares of the company's stock valued at $695,000 after buying an additional 897 shares in the last quarter. Boltwood Capital Management increased its position in Mondelez International by 3.0% during the fourth quarter. Boltwood Capital Management now owns 13,270 shares of the company's stock worth $793,000 after buying an additional 382 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its position in shares of Mondelez International by 50.5% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 32,565 shares of the company's stock valued at $1,945,000 after acquiring an additional 10,920 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and reduced their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Piper Sandler lifted their price target 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. Finally, Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Trading Down 0.7 %

Mondelez International stock traded down $0.46 during trading hours on Friday, reaching $66.76. The stock had a trading volume of 2,698,304 shares, compared to its average volume of 7,903,638. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $86.36 billion, a PE ratio of 19.52, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a fifty day simple moving average of $66.39 and a 200-day simple moving average of $63.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) 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 firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

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 $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.82%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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.