CORDA Investment Management LLC. Buys 8,456 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CORDA Investment Management LLC. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 573,612 shares of the company's stock after buying an additional 8,456 shares during the quarter. Mondelez International accounts for 3.1% of CORDA Investment Management LLC.'s portfolio, making the stock its 11th largest position. CORDA Investment Management LLC.'s holdings in Mondelez International were worth $38,920,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Abound Financial LLC bought a new position in Mondelez International in the first quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at $26,000. Transce3nd LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $1.34 on Wednesday, reaching $66.85. The company's stock had a trading volume of 11,437,536 shares, compared to its average volume of 8,095,074. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market cap of $86.56 billion, a P/E ratio of 24.85, a PEG ratio of 5.33 and a beta of 0.48. The company has a 50-day simple moving average of $67.04 and a 200 day simple moving average of $64.12. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the company earned $0.93 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. Mondelez International's dividend payout ratio is presently 69.89%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MDLZ shares. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler raised their price objective 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. Morgan Stanley lifted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International 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.