Redwood Wealth Management Group LLC Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Redwood Wealth Management Group LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 111,468 shares of the company's stock, valued at approximately $2,694,000. Mondelez International comprises about 1.4% of Redwood Wealth Management Group LLC's holdings, making the stock its 22nd largest position.

A number of other hedge funds have also bought and sold shares of MDLZ. ICICI Prudential Asset Management Co Ltd grew its holdings in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Amundi grew its holdings in Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in Mondelez International in the fourth quarter worth $256,000. Commonwealth Equity Services LLC grew its holdings in Mondelez International by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after purchasing an additional 4,121 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Mondelez International in the fourth quarter worth $336,000. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MDLZ. Evercore ISI raised their price target 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. Piper Sandler lifted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Barclays lifted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $78.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Stock Up 3.0%

Mondelez International stock traded up $1.96 during midday trading on Friday, hitting $68.31. 12,997,727 shares of the stock were exchanged, compared to its average volume of 8,097,244. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market capitalization of $88.45 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. The business's 50-day moving average price is $66.66 and its 200-day moving average price is $63.55. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results 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 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The firm'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 fiscal year.

Mondelez International Announces Dividend

The business 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 $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is 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.