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Townsquare Capital LLC Has $13.33 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mondelez International logo with Consumer Staples background

Key Points

  • Townsquare Capital LLC increased its holdings in Mondelez International by 75.2%, acquiring an additional 84,298 shares, bringing its total to 196,416 shares valued at approximately $13.3 million.
  • Mondelez International's recent earnings report showed an EPS of $0.73, exceeding estimates and featuring a revenue of $8.98 billion, a 7.7% increase year-over-year.
  • The company declared a quarterly dividend of $0.50, an increase from the previous dividend of $0.47, reflecting a 3.2% yield with an ex-dividend date on September 30th.
  • Want stock alerts on Mondelez International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Townsquare Capital LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 75.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,416 shares of the company's stock after buying an additional 84,298 shares during the period. Townsquare Capital LLC's holdings in Mondelez International were worth $13,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Hemington Wealth Management grew its holdings in shares of Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after acquiring an additional 156 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after acquiring an additional 160 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings 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 acquiring an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after acquiring an additional 168 shares in the last quarter. Finally, Sage Private Wealth Group LLC grew its holdings in shares of Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MDLZ shares. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Barclays raised their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Get Our Latest Stock Analysis on Mondelez International

Mondelez International Price Performance

NASDAQ:MDLZ traded down $0.25 during mid-day trading on Monday, reaching $61.58. The stock had a trading volume of 13,278,198 shares, compared to its average volume of 8,133,855. The stock has a 50-day simple moving average of $67.28 and a two-hundred day simple moving average of $65.53. The stock has a market capitalization of $79.68 billion, a PE ratio of 22.56, a P/E/G ratio of 4.67 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is 68.86%.

About Mondelez International

(Free Report)

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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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