Souders Financial Advisors Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Souders Financial Advisors purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 6,854 shares of the company's stock, valued at approximately $465,000.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Mondelez International in the fourth quarter valued at $1,118,755,000. Capital Research Global Investors lifted its holdings 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 worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Mondelez International during the first quarter worth $189,930,000. Deutsche Bank AG lifted its holdings in shares of Mondelez International by 17.1% during the fourth 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 acquired a new stake in shares of Mondelez International during the fourth quarter worth $104,065,000. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Piper Sandler boosted their price target on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $1.33 during midday trading on Tuesday, reaching $70.75. The stock had a trading volume of 6,727,914 shares, compared to its average volume of 8,094,526. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm's fifty day simple moving average is $67.10 and its 200-day simple moving average is $64.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The stock has a market capitalization of $91.61 billion, a P/E ratio of 26.30, a PEG ratio of 5.26 and a beta of 0.48.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.66%. Mondelez International's dividend payout ratio is currently 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.