Kera Capital Partners Inc. Invests $275,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Kera Capital Partners Inc. 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 SEC. The firm acquired 4,046 shares of the company's stock, valued at approximately $275,000.

Several other hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter worth about $27,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new stake in Mondelez International in the fourth quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter worth about $31,000. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MDLZ shares. Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.14 during trading hours on Friday, hitting $67.61. The stock had a trading volume of 12,140,762 shares, compared to its average volume of 8,044,275. The company has a 50 day simple moving average of $66.50 and a two-hundred day simple moving average of $63.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market capitalization of $87.54 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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.