Fulcrum Capital LLC Buys New Stake in Mondelez International, Inc. $MDLZ

Fulcrum Capital LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,204 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDLZ. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new position in Mondelez International in the 1st quarter valued at $866,843,000. Invesco Ltd. raised its holdings in Mondelez International by 1.1% in the 1st quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after acquiring an additional 137,604 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Mondelez International by 1.5% in the 1st quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after acquiring an additional 89,362 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MDLZ shares. Piper Sandler boosted their price target on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. UBS Group cut their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company cut their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Evercore ISI dropped their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Trading Up 0.7%

MDLZ stock opened at $61.45 on Friday. The company has a market cap of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $62.28 and a 200-day simple moving average of $65.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 73.26%.

Mondelez International Company 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.