RBO & Co. LLC Purchases 6,452 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

RBO & Co. LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,715 shares of the company’s stock after acquiring an additional 6,452 shares during the quarter. Mondelez International comprises 2.5% of RBO & Co. LLC’s holdings, making the stock its 17th biggest position. RBO & Co. LLC’s holdings in Mondelez International were worth $15,513,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MDLZ. Marshall Investment Management LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International during the 4th quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International during the 4th quarter valued at approximately $32,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Piper Sandler upped their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. UBS Group increased their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Barclays cut their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.70.

Mondelez International Stock Performance

MDLZ opened at $65.65 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $84.92 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm’s fifty day simple moving average is $65.98 and its two-hundred day simple moving average is $63.74.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The business 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 company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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.