Exchange Traded Concepts LLC Has $1.05 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Exchange Traded Concepts LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 90.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,415 shares of the company's stock after selling 149,147 shares during the period. Exchange Traded Concepts LLC's holdings in Mondelez International were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $26,000. Transce3nd LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $31,000. Finally, Coppell Advisory Solutions LLC grew its stake in Mondelez International by 66.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. Barclays raised their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Piper Sandler raised 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International Price Performance

MDLZ stock opened at $66.35 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock's 50 day moving average is $66.64 and its 200-day moving average is $63.53. The firm has a market capitalization of $85.91 billion, a PE ratio of 24.67, a P/E/G ratio of 5.14 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for 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 quarterly revenue was up .2% compared to the same quarter last year. During the same period last 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 fiscal year.

Mondelez International Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

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.

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