Stablepoint Partners LLC Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Stablepoint Partners LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,382 shares of the company's stock after buying an additional 6,579 shares during the period. Stablepoint Partners LLC's holdings in Mondelez International were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Norges Bank purchased a new position in Mondelez International in the 4th quarter valued at $1,118,755,000. Capital Research Global Investors raised 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 acquiring an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp raised its holdings in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG raised 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 acquiring an additional 2,002,640 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MDLZ. JPMorgan Chase & Co. lifted 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 lifted 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. Morgan Stanley lifted their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. The Goldman Sachs Group reduced their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price target on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.37 on Friday. The company has a market cap of $85.94 billion, a P/E ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a 50-day moving average of $66.46 and a two-hundred day moving average of $63.38. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $0.93 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders 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 2.83%. The ex-dividend date of this dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.