Davis Rea LTD. acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,288 shares of the company's stock, valued at approximately $4,294,000.
Several other hedge funds have also added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International during the first quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares in the last quarter. Institutional investors own 78.32% of the company's stock.
Mondelez International Trading Up 0.6%
NASDAQ:MDLZ traded up $0.40 during midday trading on Friday, reaching $70.58. 4,520,788 shares of the stock traded hands, compared to its average volume of 7,066,883. The company has a fifty day moving average of $67.64 and a 200 day moving average of $64.92. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 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 stock has a market capitalization of $91.39 billion, a P/E ratio of 26.24, a PEG ratio of 5.28 and a beta 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 analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period in the prior year, the business posted $0.93 EPS. The firm's revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.66%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.
Analyst Ratings Changes
MDLZ has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. UBS Group boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price of $70.72.
View Our Latest Research Report on Mondelez International
Mondelez International Company Profile
(
Free Report)
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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