3Chopt Investment Partners LLC Acquires New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

3Chopt Investment Partners LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,482 shares of the company's stock, valued at approximately $784,000.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Mondelez International by 14.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 419,064 shares of the company's stock worth $28,379,000 after buying an additional 54,314 shares in the last quarter. Money Concepts Capital Corp increased its position in shares of Mondelez International by 4.9% during the first quarter. Money Concepts Capital Corp now owns 40,661 shares of the company's stock valued at $2,759,000 after acquiring an additional 1,897 shares during the last quarter. Quilter Plc lifted its holdings in Mondelez International by 19.9% during the first quarter. Quilter Plc now owns 1,066,312 shares of the company's stock worth $72,349,000 after acquiring an additional 177,120 shares during the period. Jaffetilchin Investment Partners LLC lifted its holdings in Mondelez International by 5.7% during the first quarter. Jaffetilchin Investment Partners LLC now owns 7,392 shares of the company's stock worth $502,000 after acquiring an additional 401 shares during the period. Finally, Canvas Wealth Advisors LLC purchased a new position in Mondelez International in the first quarter worth $275,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.03 during trading on Friday, hitting $67.78. 9,105,219 shares of the company were exchanged, compared to its average volume of 8,071,915. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a 50 day moving average of $66.73 and a 200 day moving average of $63.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The company has a market cap of $87.76 billion, a PE ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company 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 posted $0.93 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays lifted their price objective 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. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.63.

About Mondelez International

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.