Verity Asset Management Inc. Has $1.09 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Verity Asset Management Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 113.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,016 shares of the company's stock after purchasing an additional 8,530 shares during the period. Verity Asset Management Inc.'s holdings in Mondelez International were worth $1,087,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Goodman Advisory Group LLC purchased a new position in Mondelez International in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 worth $30,000 after purchasing an additional 346 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $30,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.50 on Wednesday, hitting $69.46. 4,844,158 shares of the company's stock were exchanged, compared to its average volume of 9,284,969. The stock has a 50-day moving average of $66.73 and a 200-day moving average of $63.83. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $89.93 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 5.23 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.71%. Mondelez International's payout ratio is currently 69.89%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Evercore ISI boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $68.00 to $78.00 in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

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.