Toroso Investments LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,402 shares of the company’s stock after selling 2,844 shares during the quarter. Toroso Investments LLC’s holdings in Mondelez International were worth $2,817,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Retirement Group LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Mondelez International in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Mondelez International by 80.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Thompson Investment Management Inc. purchased a new stake in shares of Mondelez International during the 1st quarter worth approximately $28,000. Finally, 25 LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 76.16% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Barclays upped their target price on Mondelez International from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, July 31st. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley raised their price target on Mondelez International from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Piper Sandler increased their price objective on Mondelez International from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Finally, TD Cowen started coverage on shares of Mondelez International in a report on Wednesday. They issued an “outperform” rating and a $82.00 target price on the stock. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.63.
Mondelez International Trading Up 1.5 %
Shares of MDLZ stock opened at $72.38 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $54.72 and a fifty-two week high of $78.59. The firm’s 50 day moving average price is $72.26 and its two-hundred day moving average price is $72.06. The stock has a market cap of $98.47 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.64.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Thursday, July 27th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Mondelez International had a net margin of 12.13% and a return on equity of 15.49%. The business had revenue of $8.51 billion for the quarter, compared to analyst estimates of $8.22 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.24 EPS for the current year.
Mondelez International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.39. Mondelez International’s dividend payout ratio (DPR) is 56.29%.
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.
Featured Stories
- Five stocks we like better than Mondelez International
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- WeWork Stock Soars: Meme Stock Madness or Mirage?
- The 3 Best Blue-Chip Stocks to Buy Now
- Shutterstock is the Value Stock they don’t want you to know about
- Energy and Oil Stocks Explained
- 3 Low-Cost ETFs That Are Crushing SPY
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.
