Mondelez International, Inc. (NASDAQ:MDLZ) Position Boosted by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,826 shares of the company’s stock after purchasing an additional 203 shares during the period. Boomfish Wealth Group LLC’s holdings in Mondelez International were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. CENTRAL TRUST Co lifted its position in shares of Mondelez International by 7.0% in the first quarter. CENTRAL TRUST Co now owns 62,089 shares of the company’s stock worth $4,213,000 after purchasing an additional 4,088 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Mondelez International by 79.4% in the first quarter. Insigneo Advisory Services LLC now owns 8,700 shares of the company’s stock worth $590,000 after purchasing an additional 3,850 shares in the last quarter. Chicago Capital LLC purchased a new stake in shares of Mondelez International in the first quarter worth approximately $375,000. Smith Shellnut Wilson LLC ADV lifted its position in shares of Mondelez International by 5.1% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 5,290 shares of the company’s stock worth $359,000 after purchasing an additional 256 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new stake in shares of Mondelez International in the first quarter worth approximately $235,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research analyst reports. Piper Sandler increased their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and raised their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Finally, Barclays raised their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.11.

Mondelez International Stock Up 0.4%

MDLZ opened at $67.21 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm’s fifty day moving average price is $66.62 and its two-hundred day moving average price is $63.48. The company has a market capitalization of $87.02 billion, a P/E ratio of 19.65, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International’s payout ratio is presently 69.89%.

Mondelez International 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.