Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 29.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,024 shares of the company’s stock after acquiring an additional 2,516 shares during the period. Pallas Capital Advisors LLC’s holdings in Mondelez International were worth $738,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC grew its stake in shares of Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the second quarter worth about $27,000. Finally, HHM Wealth Advisors LLC acquired a new position in Mondelez International in the fourth quarter worth about $29,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Wells Fargo & Company decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Evercore ISI decreased their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Finally, Piper Sandler cut their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.24 during mid-day trading on Wednesday, reaching $71.22. 635,253 shares of the company’s stock traded hands, compared to its average volume of 7,125,802. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a market capitalization of $95.53 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The business’s 50-day moving average price is $67.34 and its 200-day moving average price is $69.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.64%. Mondelez International’s payout ratio is 59.68%.

Mondelez International 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.