Inscription Capital LLC Buys Shares of 6,980 Mondelez International, Inc. (NASDAQ:MDLZ)

Inscription Capital LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,980 shares of the company’s stock, valued at approximately $489,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Mondelez International by 1.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock valued at $20,009,000 after buying an additional 3,706 shares during the period. Principal Securities Inc. raised its position in shares of Mondelez International by 12.3% during the 4th quarter. Principal Securities Inc. now owns 15,006 shares of the company’s stock valued at $896,000 after buying an additional 1,639 shares during the period. Strategic Financial Concepts LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $1,682,000. Finally, J.W. Cole Advisors Inc. grew its position in Mondelez International by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,481 shares of the company’s stock worth $566,000 after acquiring an additional 576 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.3%

NASDAQ:MDLZ opened at $66.35 on Wednesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $85.91 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 5.20 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $66.63 and a 200 day moving average price of $63.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the company earned $0.93 EPS. Mondelez International’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDLZ. Barclays lifted their target price on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Piper Sandler increased their target price on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.11.

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.