Aurdan Capital Management LLC Has $2.31 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Aurdan Capital Management LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 45.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,098 shares of the company's stock after selling 28,593 shares during the quarter. Aurdan Capital Management LLC's holdings in Mondelez International were worth $2,314,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Abound Financial LLC bought a new position in Mondelez International during the 1st quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the first quarter valued at about $26,000. Transce3nd LLC bought a new position in Mondelez International during the fourth quarter worth about $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the 4th quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MDLZ. Evercore ISI lifted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note 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 note on Thursday, May 1st. Finally, Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Price Performance

Mondelez International stock traded up $0.09 during midday trading on Friday, reaching $67.24. The company's stock had a trading volume of 3,722,043 shares, compared to its average volume of 8,089,806. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $67.00 and a 200-day moving average price of $64.20. The stock has a market cap of $87.06 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 5.18 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 for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for 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%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 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.