Handelsinvest Investeringsforvaltning Purchases 342 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Handelsinvest Investeringsforvaltning boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,123 shares of the company’s stock after acquiring an additional 342 shares during the quarter. Mondelez International accounts for approximately 0.8% of Handelsinvest Investeringsforvaltning’s investment portfolio, making the stock its 25th biggest holding. Handelsinvest Investeringsforvaltning’s holdings in Mondelez International were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its position in Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International in the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC bought a new position in shares of Mondelez International in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC bought a new position in shares of Mondelez International in the fourth quarter valued at about $34,000. Finally, Orion Capital Management LLC bought a new position in shares of Mondelez International in the third quarter valued at about $35,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDLZ. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. TD Cowen dropped their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Evercore ISI decreased their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Trading Down 0.5 %

Shares of Mondelez International stock opened at $65.72 on Wednesday. The company has a market capitalization of $88.15 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.51 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The firm’s 50-day moving average price is $68.80 and its two-hundred day moving average price is $70.75.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.59%. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

Mondelez International 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.