Echo Wealth Management LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,701 shares of the company's stock, valued at approximately $251,000.
A number of other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in Mondelez International during the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International in the fourth quarter worth $30,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at $31,000. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after acquiring an additional 216 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MDLZ has been the subject of several analyst reports. Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. UBS Group boosted their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $70.63.
Check Out Our Latest Analysis on Mondelez International
Mondelez International Stock Performance
NASDAQ MDLZ traded up $1.96 during trading hours on Friday, hitting $68.31. The company had a trading volume of 12,997,727 shares, compared to its average volume of 8,082,153. The business has a 50 day moving average of $66.66 and a 200-day moving average of $63.55. The company has a market cap 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. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The firm 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%. The business's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current 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 given a dividend of $0.47 per share. 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 dividend payout ratio (DPR) is presently 69.89%.
About Mondelez International
(
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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