Optas LLC Invests $364,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Optas LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,362 shares of the company's stock, valued at approximately $364,000.

Other large investors have also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc grew its holdings in Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after acquiring an additional 168 shares in the last quarter. Sound Income Strategies LLC lifted its position 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 worth $115,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Mondelez International by 1.8% during the fourth 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. 44 Wealth Management LLC increased its holdings in Mondelez International by 2.6% during the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock valued at $457,000 after buying an additional 191 shares during the period. Finally, Baker Avenue Asset Management LP raised its stake in Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MDLZ. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised 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 lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $66.93 on Monday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business's 50 day moving average price is $66.56 and its 200 day moving average price is $63.46. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $86.66 billion, a P/E ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. On average, sell-side analysts expect 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. Shareholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

About Mondelez International

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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