3,775 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Climber Capital SA

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Norges Bank purchased a new stake in Mondelez International in the 4th quarter worth about $1,118,755,000. Capital Research Global Investors raised its position in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new stake in Mondelez International in the 4th quarter worth about $256,832,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Mondelez International in the 1st quarter worth about $189,930,000. Finally, Deutsche Bank AG raised its position in Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $68.50 on Tuesday. The firm's fifty day simple moving average is $66.66 and its two-hundred day simple moving average is $63.59. 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 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market capitalization of $88.69 billion, a P/E ratio of 25.46, a P/E/G ratio of 5.29 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released 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 net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDLZ. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Barclays raised their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $68.00 to $78.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

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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