Naples Global Advisors LLC Buys 356 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Posted by on Mar 30th, 2023

Naples Global Advisors LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,319 shares of the company’s stock after purchasing an additional 356 shares during the period. Naples Global Advisors LLC’s holdings in Mondelez International were worth $357,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Personal Financial Services grew its holdings in shares of Mondelez International by 124.1% in the third quarter. First Personal Financial Services now owns 484 shares of the company’s stock valued at $27,000 after acquiring an additional 268 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in Mondelez International in the fourth quarter valued at approximately $35,000. PSI Advisors LLC lifted its stake in Mondelez International by 84.7% in the fourth quarter. PSI Advisors LLC now owns 554 shares of the company’s stock valued at $37,000 after purchasing an additional 254 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Mondelez International during the third quarter worth $39,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Mondelez International during the third quarter worth $41,000. 75.91% of the stock is owned by institutional investors.

Mondelez International Trading Up 1.1 %

NASDAQ:MDLZ opened at $70.37 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a market capitalization of $95.94 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.65. Mondelez International, Inc. has a one year low of $54.72 and a one year high of $70.39. The business has a fifty day moving average price of $65.99 and a 200-day moving average price of $64.13.

Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The business had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter in the prior year, the business posted $0.71 EPS. Mondelez International’s revenue for the quarter was up 13.5% compared to the same quarter last year. Sell-side analysts forecast that Mondelez International, Inc. will post 3.16 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $0.385 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.54 dividend on an annualized basis and a yield of 2.19%. Mondelez International’s payout ratio is presently 78.57%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Mizuho increased their target price on Mondelez International from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. StockNews.com assumed coverage on Mondelez International in a research report on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet upgraded Mondelez International from a “c+” rating to a “b+” rating in a research report on Monday, December 12th. Wells Fargo & Company increased their target price on Mondelez International from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Finally, Credit Suisse Group increased their price objective on Mondelez International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Mondelez International Profile

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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