Ground Swell Capital LLC Invests $392,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Ground Swell Capital LLC acquired 5,779 shares of Mondelez International, worth approximately $392,000, in the first quarter of the year.
• Analysts have generally shown a positive outlook on Mondelez, with multiple upgrades; Jefferies Financial Group raised their price target from $66.00 to $78.00 and gave it a "buy" rating.
• Mondelez recently increased its quarterly dividend to $0.50, resulting in an annual yield of 3.2%, reflecting a rise from the previous $0.47 dividend.

Ground Swell Capital LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,779 shares of the company's stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its position in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the last quarter. Canopy Partners LLC raised its holdings in shares of Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after acquiring an additional 2,876 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after acquiring an additional 8,544 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after acquiring an additional 4,002 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.62 during trading on Friday, hitting $62.08. 5,848,442 shares of the company's stock traded hands, compared to its average volume of 8,589,398. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The business has a 50-day simple moving average of $66.78 and a 200-day simple moving average of $65.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a market capitalization of $80.33 billion, a P/E ratio of 22.74, a PEG ratio of 4.69 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. Mondelez International's revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is currently 68.86%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MDLZ shares. Evercore ISI upped their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Stifel Nicolaus upped their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein upped their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

About Mondelez International

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.