Elyxium Wealth LLC Purchases New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Elyxium Wealth LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,920 shares of the company's stock, valued at approximately $266,000.

Several other large investors have also made changes to their positions in the company. Abound Financial LLC bought a new stake in Mondelez International during the first quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the first quarter worth approximately $26,000. Transce3nd LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Orion Capital Management LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position 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 worth $30,000 after purchasing an additional 346 shares during the period. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $69.81 on Monday. The business has a fifty day simple moving average of $67.10 and a 200 day simple moving average of $64.61. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $90.39 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 5.26 and a beta of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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. The business 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%. Mondelez International's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.69%. Mondelez International's payout ratio is 69.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDLZ. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. UBS Group upped their target price on Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a research report on Thursday. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. One equities research 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's stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $70.72.

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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.