36,369 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Sone Capital Management LLC

Sone Capital Management LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,369 shares of the company's stock, valued at approximately $2,172,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Mondelez International by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock valued at $1,198,491,000 after buying an additional 975,929 shares during the last quarter. Finally, Norges Bank acquired a new stake in Mondelez International during the 4th quarter worth approximately $1,118,755,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.4%

MDLZ traded up $0.23 during midday trading on Thursday, reaching $65.49. 6,956,586 shares of the company were exchanged, compared to its average volume of 7,997,988. The company has a market cap of $84.80 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company's fifty day moving average price is $66.21 and its 200 day moving average price is $63.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (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 during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Mondelez International's revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS 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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several analyst reports. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Mizuho raised their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Finally, DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $70.55.

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.