Perennial Advisors LLC Acquires Shares of 63,365 Mondelez International, Inc. (NASDAQ:MDLZ)

Perennial Advisors LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,365 shares of the company's stock, valued at approximately $3,785,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. Transce3nd LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.4%

Shares of MDLZ traded down $0.28 during trading hours on Wednesday, hitting $66.62. 4,545,824 shares of the stock were exchanged, compared to its average volume of 8,011,829. 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 debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The business has a 50-day moving average of $66.35 and a 200-day moving average of $63.29. The firm has a market capitalization of $86.26 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the company posted $0.93 earnings per share. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Barclays upped their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $70.55.

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.