Insigneo Advisory Services LLC Purchases 3,850 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Insigneo Advisory Services LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 79.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,700 shares of the company's stock after buying an additional 3,850 shares during the quarter. Insigneo Advisory Services LLC's holdings in Mondelez International were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd grew its position in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after acquiring an additional 74,975 shares during the last quarter. Amundi grew its holdings in shares of Mondelez International by 20.1% during the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Mondelez International during the fourth quarter worth $256,000. Commonwealth Equity Services LLC grew its holdings in shares of Mondelez International by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after purchasing an additional 4,121 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Mondelez International during the 4th quarter worth about $336,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $66.35 on Thursday. The firm has a 50 day moving average price of $66.63 and a 200 day moving average price of $63.52. The stock has a market cap of $85.91 billion, a P/E ratio of 24.67, a P/E/G ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced 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 is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.83%. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Ratings Changes

A number of brokerages have commented on MDLZ. Wells Fargo & Company increased their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Barclays increased their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus increased their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus 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.

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