Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,479 shares of the company's stock after purchasing an additional 3,914 shares during the period. Retirement Guys Formula LLC's holdings in Mondelez International were worth $1,050,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDLZ. Glass Jacobson Investment Advisors llc raised its position 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 purchasing an additional 168 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after buying an additional 168 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Mondelez International by 1.8% in the fourth 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. Baker Avenue Asset Management LP boosted its stake 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 valued at $284,000 after acquiring an additional 193 shares during the last quarter. Finally, City Holding Co. boosted its stake in Mondelez International by 28.0% during the 1st quarter. City Holding Co. now owns 896 shares of the company's stock valued at $61,000 after acquiring an additional 196 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDLZ shares. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $78.00 in a research report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Evercore ISI upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, UBS Group lifted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Trading Up 0.3%

Shares of NASDAQ:MDLZ opened at $68.50 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The company's 50-day moving average price is $66.66 and its 200 day moving average price is $63.59. The company has a market cap of $88.69 billion, a PE ratio of 25.46, a P/E/G ratio of 5.29 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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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