Inscription Capital LLC Purchases Shares of 6,980 Mondelez International, Inc. (NASDAQ:MDLZ)

Inscription Capital LLC bought a new position 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 institutional investor bought 6,980 shares of the company's stock, valued at approximately $489,000.

Several other institutional investors have also recently made changes to their positions in MDLZ. Marshall Investment Management LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $26,000. Transce3nd LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $30,000. Orion Capital Management LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $31,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $32,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $1.96 on Friday, hitting $68.31. 12,997,727 shares of the company traded hands, compared to its average volume of 8,082,153. The company has a market capitalization of $88.45 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 5.29 and a beta of 0.48. 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 business's 50 day moving average price is $66.66 and its 200-day moving average price is $63.55. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 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 in the previous year, the business earned $0.93 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

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 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 2.75%. Mondelez International's dividend payout ratio is presently 69.89%.

Analysts Set New Price Targets

Several analysts have commented on MDLZ shares. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and increased their target price for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Barclays increased their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

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.