Harvest Fund Management Co. Ltd Has $5.55 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Harvest Fund Management Co. Ltd boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 81,749 shares of the company’s stock after buying an additional 3,052 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Mondelez International were worth $5,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Abound Financial LLC bought a new stake in Mondelez International in the 1st quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International in the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. bought a new stake in Mondelez International in the 1st quarter valued at about $31,000. Finally, Orion Capital Management LLC bought a new stake in Mondelez International in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.4%

Shares of NASDAQ MDLZ opened at $69.58 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a 50 day moving average price of $67.72 and a two-hundred day moving average price of $65.11. The stock has a market cap of $90.09 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Analyst Ratings Changes

A number of analysts have issued reports on MDLZ shares. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Barclays boosted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 9th. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Stifel Nicolaus upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.72.

About Mondelez International

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.