Curat Global LLC Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Curat Global LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, Holdings Channel.com reports. The fund purchased 1,475 shares of the company’s stock, valued at approximately $100,000.

Other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $26,000. Transce3nd LLC purchased a new stake in Mondelez International during the 4th quarter worth about $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International during the 4th quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MDLZ shares. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Evercore ISI increased their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Barclays increased their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Finally, Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $66.15 on Friday. The firm has a market capitalization of $85.65 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business’s 50-day moving average price is $66.43 and its 200-day moving average price is $63.40.

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, topping the consensus estimate of $0.67 by $0.07. The business 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%. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio is currently 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.