Woodline Partners LP Makes New $4.80 Million Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Woodline Partners LP acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 80,304 shares of the company's stock, valued at approximately $4,797,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Ameritas Advisory Services LLC raised its holdings in shares of Mondelez International by 56.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,903 shares of the company's stock worth $293,000 after buying an additional 1,771 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $229,000. Daymark Wealth Partners LLC raised its holdings in shares of Mondelez International by 3.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 16,631 shares of the company's stock worth $993,000 after buying an additional 542 shares during the period. Baker Ellis Asset Management LLC raised its holdings in shares of Mondelez International by 19.6% in the fourth quarter. Baker Ellis Asset Management LLC now owns 3,655 shares of the company's stock worth $218,000 after buying an additional 600 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Mondelez International by 215.3% in the fourth quarter. SG Americas Securities LLC now owns 18,961 shares of the company's stock worth $1,133,000 after buying an additional 12,948 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MDLZ shares. Wells Fargo & Company increased their price target on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Piper Sandler increased their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.55.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.76 during trading on Tuesday, reaching $66.90. 6,595,777 shares of the company traded hands, compared to its average volume of 8,018,340. The firm's fifty day simple moving average is $66.29 and its 200 day simple moving average is $63.27. The stock has a market cap of $86.62 billion, a P/E ratio of 19.56, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared 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 is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. 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.