Parr Mcknight Wealth Management Group LLC Acquires New Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Parr Mcknight Wealth Management Group LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,387 shares of the company's stock, valued at approximately $1,723,000.

Several other large investors also recently modified their holdings of the business. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the 1st quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in 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 worth $30,000 after purchasing an additional 346 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.30 during trading hours on Thursday, reaching $67.15. The stock had a trading volume of 7,359,378 shares, compared to its average volume of 8,106,713. The stock has a market capitalization of $86.95 billion, a PE ratio of 20.63, a PEG ratio of 5.18 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a 50 day moving average price of $67.01 and a two-hundred day moving average price of $64.14. 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 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. 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 for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders 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 yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MDLZ shares. Piper Sandler raised their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Barclays boosted their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.63.

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.