Generali Investments Management Co LLC Buys 5,320 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Generali Investments Management Co LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,700 shares of the company's stock after buying an additional 5,320 shares during the quarter. Generali Investments Management Co LLC's holdings in Mondelez International were worth $1,812,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MDLZ. Glass Jacobson Investment Advisors llc raised its stake in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after acquiring an additional 168 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares in the last quarter. Core Alternative Capital grew its stake in Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after buying an additional 187 shares during the last quarter. 44 Wealth Management LLC grew its stake in Mondelez International by 2.6% in the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock valued at $457,000 after buying an additional 191 shares during the last quarter. Finally, Baker Avenue Asset Management LP lifted its position in Mondelez International by 4.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.55 during trading on Monday, reaching $66.70. 4,182,041 shares of the company traded hands, compared to its average volume of 8,042,561. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock's 50 day moving average price is $66.43 and its two-hundred day moving average price is $63.38. The company has a market cap of $86.36 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 4.34 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company 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 16.75% and a net margin of 12.68%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.82%. Mondelez International's payout ratio is 69.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group upped their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Stifel Nicolaus raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Evercore ISI raised their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $70.11.

Mondelez International Company 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.