Tounjian Advisory Partners LLC Purchases Shares of 11,636 Mondelez International, Inc. (NASDAQ:MDLZ)

Tounjian Advisory Partners LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,636 shares of the company's stock, valued at approximately $790,000.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Mondelez International in the fourth quarter valued at $1,682,000. Empowered Funds LLC lifted its holdings in Mondelez International by 14.1% in the fourth quarter. Empowered Funds LLC now owns 177,459 shares of the company's stock valued at $10,600,000 after acquiring an additional 21,936 shares during the period. Entropy Technologies LP purchased a new stake in shares of Mondelez International during the 4th quarter worth $1,540,000. Finally, Stephens Inc. AR grew its stake in shares of Mondelez International by 2.0% during the 4th quarter. Stephens Inc. AR now owns 26,571 shares of the company's stock worth $1,587,000 after purchasing an additional 527 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.8%

Shares of Mondelez International stock traded up $0.54 during trading hours on Tuesday, reaching $67.24. 4,827,426 shares of the company's stock were exchanged, compared to its average volume of 8,029,750. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a fifty day moving average of $66.44 and a 200-day moving average of $63.40. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $87.06 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share 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 firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MDLZ shares. 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 report on Wednesday, April 9th. Morgan Stanley boosted their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Stifel Nicolaus raised their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a report on Monday, April 28th. Finally, Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $70.11.

Mondelez International 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.