Canvas Wealth Advisors LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Canvas Wealth Advisors LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,030 shares of the company's stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Illinois Municipal Retirement Fund increased its stake in Mondelez International by 10.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 178,031 shares of the company's stock valued at $12,079,000 after buying an additional 16,754 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of Mondelez International by 8.9% in the first quarter. Transcend Capital Advisors LLC now owns 24,383 shares of the company's stock valued at $1,654,000 after purchasing an additional 1,985 shares in the last quarter. Wolff Financial Management LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at about $201,000. PDS Planning Inc grew its holdings in shares of Mondelez International by 22.6% during the 1st quarter. PDS Planning Inc now owns 6,516 shares of the company's stock valued at $442,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Sabal Trust CO acquired a new stake in shares of Mondelez International during the 1st quarter valued at about $28,465,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.7%

Shares of Mondelez International stock opened at $67.75 on Friday. The company's 50-day moving average price is $66.72 and its 200-day moving average price is $63.70. 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 company has a market cap of $87.72 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 5.21 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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 issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MDLZ shares. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. 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. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One equities research 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, the stock currently has a consensus 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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