Climber Capital SA Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Climber Capital SA purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,775 shares of the company's stock, valued at approximately $256,000. Mondelez International comprises 1.5% of Climber Capital SA's investment portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amundi grew its holdings in Mondelez International by 20.1% during the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after buying an additional 1,013 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Mondelez International by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after buying an additional 4,121 shares during the period. SBI Securities Co. Ltd. acquired a new position in Mondelez International in the 4th quarter valued at $336,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after acquiring an additional 8,544 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.03 during mid-day trading on Friday, hitting $67.78. The company's stock had a trading volume of 9,105,219 shares, compared to its average volume of 8,071,915. The company has a market capitalization of $87.76 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a fifty day moving average of $66.73 and a 200-day moving average of $63.74.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. Mondelez International's payout ratio is presently 69.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MDLZ shares. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

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.