Prevail Innovative Wealth Advisors LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,077 shares of the company's stock, valued at approximately $752,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC bought a new position in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in shares of Mondelez International during the 1st quarter valued at $26,000. Transce3nd LLC bought a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. UBS Group lifted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Piper Sandler lifted their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $71.63.
Read Our Latest Stock Report on MDLZ
Mondelez International Price Performance
Shares of Mondelez International stock traded up $2.24 during trading on Thursday, hitting $69.71. 5,336,754 shares of the company's stock traded hands, compared to its average volume of 8,059,941. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm's fifty day moving average price is $66.98 and its 200 day moving average price is $64.40. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $90.26 billion, a PE ratio of 25.90, a PEG ratio of 5.17 and a beta of 0.48.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.70%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.
Mondelez International 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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