Concurrent Investment Advisors LLC Has $3.59 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Concurrent Investment Advisors LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 100.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,941 shares of the company's stock after acquiring an additional 26,528 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Mondelez International were worth $3,592,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors boosted its stake in Mondelez International by 13.9% during 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 acquiring an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after purchasing an additional 975,929 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Mondelez International during the fourth quarter worth about $1,118,755,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Price Performance

Shares of MDLZ stock traded down $0.17 during mid-day trading on Monday, hitting $68.82. 7,325,283 shares of the stock traded hands, compared to its average volume of 8,085,382. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 company's 50-day simple moving average is $66.91 and its 200-day simple moving average is $64.03. The firm has a market cap of $89.11 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48.

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

Mondelez International Announces Dividend

The firm 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 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.