Moran Wealth Management LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 163,163 shares of the company's stock, valued at approximately $11,071,000.
A number of other large investors also recently made changes to their positions in MDLZ. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Mondelez International by 6.7% during 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 lifted its holdings in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares in the last quarter. Baker Avenue Asset Management LP lifted its stake in Mondelez International by 4.2% in 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 in the last quarter. Finally, City Holding Co. lifted its stake in Mondelez International by 28.0% in 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 in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
Mondelez International Stock Up 0.0%
Shares of NASDAQ:MDLZ traded up $0.03 during trading on Friday, hitting $67.78. 9,105,219 shares of the company were exchanged, compared to its average volume of 8,060,558. The stock has a market cap of $87.76 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 5.25 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. The firm has a fifty day moving average price of $66.73 and a two-hundred day moving average price of $63.74. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 2.77%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is presently 69.89%.
Analyst Ratings Changes
Several equities research analysts have commented on MDLZ shares. Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. 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 stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.63.
Get Our Latest Stock Report on MDLZ
Mondelez International Company Profile
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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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