Childress Capital Advisors LLC Makes New $393,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Childress Capital Advisors LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,796 shares of the company's stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Norges Bank acquired a new position in shares of Mondelez International in the 4th quarter valued at about $1,118,755,000. Capital Research Global Investors lifted its stake in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mondelez International in the 4th quarter valued at about $256,832,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Mondelez International in the 1st quarter valued at about $189,930,000. Finally, Deutsche Bank AG lifted its stake in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MDLZ shares. Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Performance

Shares of MDLZ opened at $68.31 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a 50 day moving average price of $66.66 and a two-hundred day moving average price of $63.55. The firm has a market capitalization of $88.45 billion, a P/E ratio of 25.39, a P/E/G ratio of 5.29 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. Mondelez International's payout ratio is presently 69.89%.

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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