Flagship Harbor Advisors LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 58.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,883 shares of the company's stock after acquiring an additional 4,002 shares during the period. Flagship Harbor Advisors LLC's holdings in Mondelez International were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Transce3nd LLC bought a new stake in shares of Mondelez International during the fourth quarter worth $30,000. Orion Capital Management LLC purchased a new position in Mondelez International in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the 4th quarter valued at about $31,000. Coppell Advisory Solutions LLC boosted its position in Mondelez International by 66.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after buying an additional 216 shares during the period. Finally, Measured Risk Portfolios Inc. purchased a new stake in Mondelez International in the 4th quarter valued at about $33,000. Institutional investors own 78.32% of the company's stock.
Mondelez International Stock Down 1.7%
Shares of Mondelez International stock traded down $1.15 on Wednesday, reaching $67.28. The stock had a trading volume of 5,383,628 shares, compared to its average volume of 9,327,341. 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 has a market capitalization of $87.11 billion, a P/E ratio of 25.01, a P/E/G ratio of 5.30 and a beta of 0.48. The company has a 50 day moving average price of $66.69 and a 200 day moving average price of $63.63. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly 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. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MDLZ. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Barclays increased 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. Morgan Stanley raised their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a 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 report on Wednesday, April 30th. Finally, Piper Sandler increased their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.
Get Our Latest Report on MDLZ
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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