Relyea Zuckerberg Hanson LLC Makes New $240,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Relyea Zuckerberg Hanson LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 1st quarter, Holdings Channel reports. The institutional investor bought 3,538 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd raised its position in shares of Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after buying an additional 74,975 shares during the period. Buckingham Capital Management Inc. raised its position in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after buying an additional 18,961 shares during the period. Rhumbline Advisers raised its position in shares of Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after buying an additional 37,897 shares during the period. Amundi raised its position in shares of Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after buying an additional 478,225 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Mondelez International by 32.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 975,063 shares of the company’s stock worth $58,026,000 after buying an additional 236,705 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their target price on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, Piper Sandler increased their target price on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $66.93 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business has a 50 day moving average price of $66.56 and a two-hundred day moving average price of $63.49. 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 firm has a market cap of $86.66 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

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

Mondelez International Announces Dividend

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

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.