Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by CORDA Investment Management LLC.

CORDA Investment Management LLC. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 573,612 shares of the company's stock after purchasing an additional 8,456 shares during the period. Mondelez International comprises 3.1% of CORDA Investment Management LLC.'s holdings, making the stock its 11th largest position. CORDA Investment Management LLC.'s holdings in Mondelez International were worth $38,920,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Abound Financial LLC purchased a new stake in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter valued at approximately $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 376.1% in the first 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 in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.5%

Mondelez International stock traded up $0.36 during midday trading on Thursday, reaching $67.21. The company's stock had a trading volume of 3,152,360 shares, compared to its average volume of 8,085,586. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. 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 has a market cap of $87.02 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.29 and a beta of 0.48. The business has a 50-day simple moving average of $67.01 and a 200-day simple moving average of $64.14.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period last year, the firm earned $0.93 earnings per share. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MDLZ shares. Morgan Stanley upped their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.