Value Partners Investments Inc. Takes $4.34 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Value Partners Investments Inc. bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,958 shares of the company's stock, valued at approximately $4,344,000.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the last quarter. Orion Capital Management LLC bought a new position in Mondelez International during the 4th quarter valued at $30,000. Transce3nd LLC bought a new position in Mondelez International during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the 4th quarter valued at $31,000. Finally, Coppell Advisory Solutions LLC boosted its stake in Mondelez International by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after acquiring an additional 216 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MDLZ shares. 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 report on Wednesday, April 9th. Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Trading Down 1.7%

Shares of NASDAQ:MDLZ opened at $67.28 on Thursday. The company has a market cap of $87.11 billion, a PE ratio of 25.01, a P/E/G ratio of 5.30 and a beta of 0.48. The company's 50-day moving average price is $66.71 and its 200 day moving average price is $63.65. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders 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 annualized dividend and a yield of 2.79%. Mondelez International's payout ratio is 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.

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