Perennial Advisors LLC Has $4.89 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Perennial Advisors LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,053 shares of the company's stock after acquiring an additional 8,688 shares during the period. Perennial Advisors LLC's holdings in Mondelez International were worth $4,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Transce3nd LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International during the 4th quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MDLZ. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Wells Fargo & Company boosted their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.11.

Mondelez International Trading Down 0.3%

NASDAQ:MDLZ opened at $66.15 on Friday. The firm's fifty day moving average is $66.43 and its 200-day moving average is $63.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market cap of $85.65 billion, a P/E ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

Mondelez International Company 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.

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