Chicago Capital LLC Makes New $375,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Chicago Capital LLC purchased 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 Securities & Exchange Commission. The fund purchased 5,523 shares of the company's stock, valued at approximately $375,000.

Other hedge funds also recently made changes to their positions in the company. Smith Shellnut Wilson LLC ADV raised its stake in Mondelez International by 5.1% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 5,290 shares of the company's stock valued at $359,000 after buying an additional 256 shares during the last quarter. AA Financial Advisors LLC purchased a new position in Mondelez International during the first quarter valued at $235,000. Inscription Capital LLC purchased a new position in Mondelez International during the first quarter valued at $489,000. Grove Bank & Trust raised its stake in Mondelez International by 5.0% during the first quarter. Grove Bank & Trust now owns 10,485 shares of the company's stock valued at $711,000 after buying an additional 503 shares during the last quarter. Finally, Community Trust & Investment Co. raised its stake in Mondelez International by 1.5% during the first quarter. Community Trust & Investment Co. now owns 165,287 shares of the company's stock valued at $11,215,000 after buying an additional 2,463 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Barclays lifted their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $78.00 in a research note on Friday. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Stock Performance

Mondelez International stock traded up $1.96 during mid-day trading on Friday, reaching $68.31. 12,997,727 shares of the stock traded hands, compared to its average volume of 8,082,153. The stock has a market capitalization of $88.45 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 5.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business's 50-day moving average is $66.66 and its 200-day moving average is $63.55.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during 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%. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is presently 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.