Ritholtz Wealth Management bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,342 shares of the company’s stock, valued at approximately $249,000.
A number of other hedge funds also recently modified their holdings of MDLZ. Financial Management Professionals Inc. lifted its holdings in Mondelez International by 249.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 482 shares of the company’s stock worth $25,000 after buying an additional 344 shares during the period. Hoover Financial Advisors Inc. purchased a new stake in Mondelez International in the 2nd quarter worth approximately $26,000. Islay Capital Management LLC purchased a new stake in Mondelez International in the 2nd quarter worth approximately $36,000. Lountzis Asset Management LLC purchased a new stake in Mondelez International in the 2nd quarter worth approximately $48,000. Finally, Keebeck Wealth Management LLC bought a new position in shares of Mondelez International in the 2nd quarter worth approximately $49,000. Institutional investors own 75.10% of the company’s stock.
NASDAQ:MDLZ traded down $1.14 on Monday, reaching $55.47. 129,631 shares of the company’s stock traded hands, compared to its average volume of 7,195,000. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 0.61. The stock has a 50-day simple moving average of $57.16 and a 200-day simple moving average of $53.96. The firm has a market cap of $80.86 billion, a PE ratio of 23.79, a P/E/G ratio of 3.29 and a beta of 0.61. Mondelez International, Inc. has a 12 month low of $41.19 and a 12 month high of $59.96.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.27%. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, September 29th. Mondelez International’s payout ratio is 51.01%.
In other news, Director Peter W. May sold 233,136 shares of Mondelez International stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $55.50, for a total value of $12,939,048.00. Following the sale, the director now directly owns 12,727 shares of the company’s stock, valued at $706,348.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter W. May sold 1,000,000 shares of Mondelez International stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $55.93, for a total value of $55,930,000.00. The disclosure for this sale can be found here. Insiders sold 2,876,741 shares of company stock worth $160,211,881 over the last ninety days. Insiders own 1.30% of the company’s stock.
Several research analysts have recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft raised Mondelez International from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, July 16th. Piper Sandler increased their target price on Mondelez International from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. raised their price objective on Mondelez International from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Friday, October 16th. Finally, Seaport Global Securities initiated coverage on Mondelez International in a research report on Tuesday, July 28th. They set a “buy” rating and a $61.00 price objective for the company. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $62.38.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.
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