Applied Finance Capital Management LLC Acquires 3,947 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Applied Finance Capital Management LLC increased its stake in Mondelez International by 24.6%, owning a total of 19,960 shares valued at approximately $1.35 million.
• Mondelez International reported earnings per share (EPS) of $0.74 for the last quarter, exceeding analysts' expectations of $0.67.
• The company declared a quarterly dividend of $0.47, translating to an annualized dividend of $1.88 with a yield of 2.66%.

Applied Finance Capital Management LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,960 shares of the company's stock after buying an additional 3,947 shares during the quarter. Applied Finance Capital Management LLC's holdings in Mondelez International were worth $1,354,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International in the first quarter valued at $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.6%

Shares of NASDAQ MDLZ traded up $0.40 during midday trading on Friday, reaching $70.58. The company had a trading volume of 4,520,788 shares, compared to its average volume of 6,836,958. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The firm's fifty day moving average price is $67.64 and its 200-day moving average price is $65.01. The stock has a market cap of $91.39 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share 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 during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 EPS. Mondelez International's revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MDLZ shares. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Morgan Stanley lifted their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada restated 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, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $70.72.

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.