Vest Financial LLC Buys 5,581 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Vest Financial LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 73.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,172 shares of the company's stock after purchasing an additional 5,581 shares during the period. Vest Financial LLC's holdings in Mondelez International were worth $894,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oak Asset Management LLC acquired a new position in shares of Mondelez International during the first quarter valued at about $218,000. Breakwater Capital Group increased its stake in Mondelez International by 8.5% during the first quarter. Breakwater Capital Group now owns 5,082 shares of the company's stock valued at $345,000 after acquiring an additional 397 shares during the period. Thrive Wealth Management LLC acquired a new position in Mondelez International in the 1st quarter valued at approximately $298,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after acquiring an additional 8,544 shares during the period. Finally, Diligent Investors LLC lifted its position in shares of Mondelez International by 3.7% in the 1st quarter. Diligent Investors LLC now owns 23,871 shares of the company's stock worth $1,620,000 after acquiring an additional 850 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $66.15 on Monday. The company has a 50 day moving average price of $66.43 and a 200 day moving average price of $63.38. 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 debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $85.65 billion, a PE ratio of 19.34, 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 analysts' consensus estimates 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 return on equity of 16.75% and a net margin of 12.68%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.84%. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. Piper Sandler boosted 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. JPMorgan Chase & Co. increased 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 reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Finally, Evercore ISI upped their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $70.11.

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.

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