Quadrant Private Wealth Management LLC purchased a new position in Mondelez International Inc (NASDAQ:MDLZ) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,249 shares of the company’s stock, valued at approximately $263,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Mondelez International by 2.2% in the first quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock worth $4,792,956,000 after acquiring an additional 2,041,195 shares during the last quarter. Lindsell Train Ltd raised its holdings in shares of Mondelez International by 2.4% in the fourth quarter. Lindsell Train Ltd now owns 33,002,436 shares of the company’s stock worth $1,817,774,000 after acquiring an additional 765,113 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Mondelez International by 6,881.3% in the fourth quarter. NorthRock Partners LLC now owns 25,016,837 shares of the company’s stock worth $53,251,000 after acquiring an additional 24,658,496 shares during the last quarter. Capital World Investors raised its holdings in shares of Mondelez International by 8.0% in the fourth quarter. Capital World Investors now owns 20,332,545 shares of the company’s stock worth $1,119,917,000 after acquiring an additional 1,508,658 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Mondelez International by 13.2% in the fourth quarter. Macquarie Group Ltd. now owns 17,883,349 shares of the company’s stock valued at $985,015,000 after purchasing an additional 2,091,104 shares during the period. 77.98% of the stock is owned by institutional investors.
In related news, Director Charles E. Bunch bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $50.32 per share, with a total value of $100,640.00. 1.30% of the stock is owned by corporate insiders.
MDLZ stock traded down $0.17 during trading on Friday, reaching $49.11. 52,276 shares of the stock traded hands, compared to its average volume of 6,992,674. Mondelez International Inc has a 52-week low of $41.19 and a 52-week high of $59.96. The business’s 50 day moving average price is $51.28 and its 200-day moving average price is $53.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market capitalization of $71.29 billion, a PE ratio of 19.33, a P/E/G ratio of 3.00 and a beta of 0.62.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 28th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Mondelez International had a return on equity of 13.73% and a net margin of 14.24%. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International Inc will post 2.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 29th. Mondelez International’s payout ratio is 46.15%.
A number of brokerages have recently commented on MDLZ. Wells Fargo & Co lifted their price objective on Mondelez International from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Friday. Piper Sandler lowered their price objective on Mondelez International from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Stifel Nicolaus raised Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Monday, March 30th. Finally, Guggenheim lowered their price objective on Mondelez International from $58.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.00.
Mondelez International Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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