MainStreet Investment Advisors LLC lifted its holdings in shares of Mondelez International Inc (NASDAQ:MDLZ) by 104.4% in the first quarter, Holdings Channel.com reports. The fund owned 20,540 shares of the company’s stock after purchasing an additional 10,490 shares during the period. MainStreet Investment Advisors LLC’s holdings in Mondelez International were worth $1,028,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MDLZ. Savior LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $37,000. Strategic Investment Advisors MI grew its stake in Mondelez International by 9.9% in the fourth quarter. Strategic Investment Advisors MI now owns 5,680 shares of the company’s stock worth $313,000 after purchasing an additional 514 shares during the period. Howland Capital Management LLC grew its stake in Mondelez International by 3.1% in the fourth quarter. Howland Capital Management LLC now owns 7,350 shares of the company’s stock worth $405,000 after purchasing an additional 222 shares during the period. Davis R M Inc. grew its stake in Mondelez International by 17.9% in the fourth quarter. Davis R M Inc. now owns 7,916 shares of the company’s stock worth $436,000 after purchasing an additional 1,199 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in Mondelez International in the fourth quarter worth $493,000. Institutional investors own 77.98% of the company’s stock.
In other Mondelez International news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $50.32 per share, with a total value of $100,640.00. Company insiders own 1.30% of the company’s stock.
Shares of Mondelez International stock traded up $0.42 during trading on Friday, hitting $49.70. 4,138,907 shares of the company’s stock traded hands, compared to its average volume of 6,795,827. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.53 and a quick ratio of 0.39. Mondelez International Inc has a 1 year low of $41.19 and a 1 year high of $59.96. The stock has a market capitalization of $70.62 billion, a P/E ratio of 19.49, a PEG ratio of 2.98 and a beta of 0.62. The business has a 50-day simple moving average of $51.26 and a 200-day simple moving average of $53.24.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.69 EPS for the quarter, beating the 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 for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the firm posted $0.65 earnings per share. Mondelez International’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Mondelez International Inc will post 2.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.285 per share. The ex-dividend date is Monday, June 29th. This represents a $1.14 annualized dividend and a dividend yield of 2.29%. Mondelez International’s dividend payout ratio (DPR) is presently 46.15%.
MDLZ has been the topic of several recent research reports. Berenberg Bank reaffirmed a “hold” rating on shares of Mondelez International in a research note on Thursday, February 6th. BidaskClub cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley increased their target price on Mondelez International from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Evercore ISI reissued a “buy” rating and issued a $62.00 target price on shares of Mondelez International in a research note on Monday, January 27th. Finally, Piper Sandler cut their target price on Mondelez International from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $61.00.
Mondelez International Company 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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