Rovin Capital UT ADV Purchases New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Rovin Capital UT ADV acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,094 shares of the company's stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Goodman Advisory Group LLC purchased a new position in Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares during the last quarter. Orion Capital Management LLC purchased a new position in Mondelez International in the 4th quarter worth $30,000. Transce3nd LLC purchased a new position in Mondelez International in the 4th quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDLZ shares. Barclays boosted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.55 during trading on Friday, reaching $69.02. 3,342,865 shares of the company's stock traded hands, compared to its average volume of 8,088,438. 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 quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The firm has a market cap of $89.36 billion, a PE ratio of 25.66, a P/E/G ratio of 5.35 and a beta of 0.48. The company has a 50-day simple moving average of $66.91 and a 200-day simple moving average of $64.00.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share 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%. Mondelez International's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

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.