Bridge Creek Capital Management LLC Invests $342,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Bridge Creek Capital Management LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,043 shares of the company's stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the fourth quarter worth about $26,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.4%

MDLZ traded down $0.26 during trading on Thursday, hitting $66.37. The company's stock had a trading volume of 6,254,304 shares, compared to its average volume of 8,024,826. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $85.94 billion, a PE ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.48. The firm's 50 day moving average price is $66.49 and its 200-day moving average price is $63.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The firm's revenue was up .2% on a year-over-year basis. On average, analysts expect 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 will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. Mondelez International's payout ratio is 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.55.

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.