3,970 Shares in Mondelez International, Inc. $MDLZ Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The institutional investor purchased 3,970 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of 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 worth $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter worth $31,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter worth $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI lowered their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Sanford C. Bernstein increased their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Price Performance

Shares of MDLZ opened at $61.00 on Friday. The stock has a market cap of $78.93 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 4.67 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The firm’s 50-day simple moving average is $62.33 and its two-hundred day simple moving average is $65.48.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

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.