Inscription Capital LLC Takes $488,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Inscription Capital LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, HoldingsChannel reports. The fund bought 7,809 shares of the company’s stock, valued at approximately $488,000.

Other large investors have also recently modified their holdings of the company. IFM Investors Pty Ltd boosted its holdings in Mondelez International by 21.9% during the second quarter. IFM Investors Pty Ltd now owns 189,180 shares of the company’s stock worth $11,812,000 after buying an additional 34,037 shares in the last quarter. JustInvest LLC raised its position in Mondelez International by 18.7% during the second quarter. JustInvest LLC now owns 26,670 shares of the company’s stock worth $1,665,000 after acquiring an additional 4,195 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Mondelez International by 60.3% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 76,110 shares of the company’s stock worth $4,455,000 after acquiring an additional 28,619 shares during the last quarter. InterOcean Capital Group LLC raised its position in Mondelez International by 4.3% during the second quarter. InterOcean Capital Group LLC now owns 596,769 shares of the company’s stock worth $37,262,000 after acquiring an additional 24,477 shares during the last quarter. Finally, Covington Capital Management raised its position in Mondelez International by 3.0% during the first quarter. Covington Capital Management now owns 212,673 shares of the company’s stock worth $12,448,000 after acquiring an additional 6,177 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $71.00 target price on shares of Mondelez International in a research report on Friday, August 6th. The Goldman Sachs Group cut shares of Mondelez International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, July 30th. Piper Sandler boosted their price objective on shares of Mondelez International from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Morgan Stanley initiated coverage on shares of Mondelez International in a research report on Tuesday, September 21st. They issued a “buy” rating and a $69.00 price objective for the company. Finally, Guggenheim boosted their price objective on shares of Mondelez International from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $67.08.

Shares of MDLZ stock opened at $59.96 on Thursday. Mondelez International, Inc. has a one year low of $52.51 and a one year high of $65.60. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.61. The company has a 50 day moving average price of $61.06 and a 200 day moving average price of $61.68. The firm has a market capitalization of $83.81 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.66.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 27th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Mondelez International had a net margin of 15.49% and a return on equity of 14.30%. The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.41 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. Mondelez International’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 30th will be given a dividend of $0.35 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, September 29th. This represents a $1.40 annualized dividend and a yield of 2.33%. Mondelez International’s dividend payout ratio is 54.05%.

In other news, Director Peter W. May sold 79,346 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $62.06, for a total value of $4,924,212.76. Following the completion of the transaction, the director now directly owns 16,062 shares in the company, valued at $996,807.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter W. May sold 399,654 shares of the company’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $61.99, for a total transaction of $24,774,551.46. Following the completion of the transaction, the director now owns 16,062 shares of the company’s stock, valued at $995,683.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 640,316 shares of company stock valued at $39,732,619. 0.90% of the stock is owned by insiders.

Mondelez International Company Profile

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 & candy, cheese & grocery and meals.

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

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