Atlas Legacy Advisors LLC Acquires 891 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Atlas Legacy Advisors LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,183 shares of the company’s stock after acquiring an additional 891 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Mondelez International were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Abound Financial LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the first quarter valued at about $26,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter worth about $30,000. Orion Capital Management LLC purchased a new stake in Mondelez International during the fourth quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after acquiring an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $70.58 on Monday. The company’s 50 day simple moving average is $67.64 and its two-hundred day simple moving average is $65.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a market capitalization of $91.39 billion, a PE ratio of 26.24, a P/E/G ratio of 5.31 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.66%. Mondelez International’s payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Piper Sandler increased their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Barclays lifted 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $70.72.

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.