Spirepoint Private Client LLC Acquires Shares of 8,520 Mondelez International, Inc. (NASDAQ:MDLZ)

Spirepoint Private Client LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,520 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors also recently bought and sold shares of MDLZ. Norges Bank bought a new stake in Mondelez International in the 4th quarter worth approximately $1,231,413,000. Capital Research Global Investors lifted its position in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Mondelez International by 152.3% in the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after buying an additional 2,483,972 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares in the last quarter. Finally, First Financial Bankshares Inc bought a new position in shares of Mondelez International in the 4th quarter valued at about $83,613,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.7 %

Shares of MDLZ stock traded down $0.47 during trading hours on Friday, reaching $66.45. 5,012,578 shares of the company’s stock were exchanged, compared to its average volume of 7,030,763. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The stock’s 50 day moving average is $67.47 and its 200-day moving average is $70.21. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $89.13 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.75 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. Analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio is presently 53.97%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MDLZ shares. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday. TD Cowen cut their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Citigroup decreased their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.72.

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.