6,098 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,098 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at $26,000. Transce3nd LLC acquired a new stake in Mondelez International in the 4th quarter valued at $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the 4th quarter valued at $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Mondelez International in the 4th quarter valued at $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $66.95 on Thursday. The company has a market capitalization of $86.69 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a 50-day simple moving average of $66.44 and a 200 day simple moving average of $63.45. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during 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 for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lifted 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. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.11.

About Mondelez International

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.