Sivia Capital Partners LLC Invests $226,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

Sivia Capital Partners LLC purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,072 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds have also added to or reduced their stakes in MDLZ. Ables Iannone Moore & Associates Inc. acquired a new stake in Mondelez International during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new position in Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at $29,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Mondelez International during the 4th quarter worth $34,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Bank of America lowered their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.41.

Read Our Latest Stock Analysis on Mondelez International

Mondelez International Price Performance

MDLZ stock traded down $0.51 during mid-day trading on Monday, hitting $70.15. The company had a trading volume of 1,942,125 shares, compared to its average volume of 6,802,093. The company has a 50-day moving average price of $72.33 and a 200 day moving average price of $69.55. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $94.10 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $61.83 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the company earned $0.76 EPS. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.68%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

Mondelez International Company Profile

(Free Report)

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.

Further Reading

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