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3,771 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Sage Mountain Advisors LLC

Mondelez International logo with Consumer Staples background

Sage Mountain Advisors LLC bought a new stake 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 and Exchange Commission. The institutional investor bought 3,771 shares of the company's stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Mondelez International during the 4th quarter worth approximately $1,118,755,000. Capital Research Global Investors boosted its holdings in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Mondelez International during the 1st quarter worth approximately $189,930,000. Deutsche Bank AG boosted its holdings in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after buying an additional 2,002,640 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mondelez International during the 4th quarter worth approximately $104,065,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays increased their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $78.00 in a report on Thursday. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average target price of $70.72.

View Our Latest Analysis on MDLZ

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.01 during trading hours on Friday, hitting $69.81. 10,412,195 shares of the company's stock traded hands, compared to its average volume of 8,085,978. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $90.39 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 5.23 and a beta of 0.48. The company has a fifty day simple moving average of $67.03 and a 200-day simple moving average of $64.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the firm posted $0.93 EPS. The business's revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

Mondelez International Profile

(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.

Further Reading

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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