Tidal Investments LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 129.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,378 shares of the company's stock after purchasing an additional 126,495 shares during the quarter. Tidal Investments LLC's holdings in Mondelez International were worth $13,402,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new stake in shares of Mondelez International in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the fourth quarter valued at $31,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.
Mondelez International Price Performance
Shares of MDLZ traded up $0.23 during trading hours on Thursday, reaching $65.49. 6,956,586 shares of the company traded hands, compared to its average volume of 7,987,526. The stock has a market capitalization of $84.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a fifty day simple moving average of $66.21 and a 200 day simple moving average of $63.34.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm posted $0.93 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.87%. Mondelez International's dividend payout ratio is presently 69.89%.
Analyst Ratings Changes
A number of equities analysts recently commented on MDLZ shares. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $70.55.
Read Our Latest Analysis on MDLZ
Mondelez International Company 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.
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