Flywheel Private Wealth LLC Acquires New Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Flywheel Private Wealth LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, HoldingsChannel reports. The institutional investor acquired 3,039 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. Capital Research Global Investors increased its stake in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Geode Capital Management LLC increased its stake in Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock worth $1,721,954,000 after purchasing an additional 708,523 shares during the period. Ameriprise Financial Inc. increased its stake in Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after purchasing an additional 975,929 shares during the period. Finally, Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter valued at $1,118,755,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.4%

Shares of NASDAQ:MDLZ opened at $66.95 on Thursday. 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 business has a fifty day moving average of $66.44 and a two-hundred day moving average of $63.45. The stock has a market cap of $86.69 billion, a P/E ratio of 19.58, a PEG ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is 69.89%.

Analysts Set New Price Targets

Several brokerages have recently commented on MDLZ. Stifel Nicolaus raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Piper Sandler raised their price target on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Evercore ISI lifted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.