Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,317 shares of the company's stock after purchasing an additional 4,237 shares during the quarter. Mondelez International makes up about 1.1% of Tritonpoint Wealth LLC's holdings, making the stock its 20th largest position. Tritonpoint Wealth LLC's holdings in Mondelez International were worth $11,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MDLZ. Glass Jacobson Investment Advisors llc lifted its stake in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares in the last quarter. 44 Wealth Management LLC increased its stake in Mondelez International by 2.6% in the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock worth $457,000 after buying an additional 191 shares in the last quarter. Baker Avenue Asset Management LP grew its position in shares of Mondelez International by 4.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after purchasing an additional 193 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Mondelez International by 2.5% in the 4th quarter. Manchester Capital Management LLC now owns 8,035 shares of the company's stock valued at $480,000 after acquiring an additional 195 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $70.11.

Mondelez International Price Performance

NASDAQ MDLZ traded down $1.19 on Friday, reaching $66.93. 6,528,752 shares of the company's stock traded hands, compared to its average volume of 8,057,939. The stock has a 50-day simple moving average of $66.56 and a 200 day simple moving average of $63.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $86.66 billion, a PE ratio of 19.57, 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm's revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. 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.