Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1,938.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,484 shares of the company's stock after purchasing an additional 367,523 shares during the quarter. SG Americas Securities LLC's holdings in Mondelez International were worth $26,223,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc grew its position in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. grew its position in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the period. Core Alternative Capital grew its position in shares of Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after purchasing an additional 187 shares during the period. 44 Wealth Management LLC grew its position in shares of Mondelez International by 2.6% in the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock valued at $457,000 after purchasing an additional 191 shares during the period. Finally, Baker Avenue Asset Management LP grew its position in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after purchasing an additional 193 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Finally, Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.11.

Mondelez International Stock Up 1.7%

Shares of MDLZ traded up $1.17 during midday trading on Thursday, reaching $68.12. 6,144,115 shares of the company were exchanged, compared to its average volume of 8,048,496. The stock has a 50-day moving average price of $66.50 and a 200-day moving average price of $63.47. The company has a market cap of $88.20 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company's revenue was up .2% compared to the same quarter last year. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) 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.