Carson Advisory Inc. Acquires Shares of 3,934 Mondelez International, Inc. (NASDAQ:MDLZ)

Carson Advisory Inc. acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZGet Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,934 shares of the company’s stock, valued at approximately $261,000.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Mondelez International by 0.8% during the third quarter. Wellington Management Group LLP now owns 41,235,760 shares of the company’s stock valued at $2,399,096,000 after acquiring an additional 342,618 shares during the period. Geode Capital Management LLC increased its stake in shares of Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 22,811,582 shares of the company’s stock valued at $1,323,279,000 after acquiring an additional 265,892 shares during the period. Northern Trust Corp increased its stake in shares of Mondelez International by 0.5% during the fourth quarter. Northern Trust Corp now owns 17,753,733 shares of the company’s stock valued at $1,177,250,000 after acquiring an additional 82,129 shares during the period. Parnassus Investments LLC increased its stake in shares of Mondelez International by 4.4% during the third quarter. Parnassus Investments LLC now owns 14,050,546 shares of the company’s stock valued at $817,461,000 after acquiring an additional 592,249 shares during the period. Finally, Morgan Stanley grew its position in Mondelez International by 14.6% in the third quarter. Morgan Stanley now owns 11,788,300 shares of the company’s stock worth $685,842,000 after buying an additional 1,501,614 shares during the last quarter. 76.42% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Mondelez International from $71.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 5th. Jefferies Financial Group lifted their price target on shares of Mondelez International from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, January 5th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Sunday, April 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $70.00 to $73.00 in a research report on Thursday, January 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $72.55.

Mondelez International stock traded down $1.74 during midday trading on Friday, reaching $64.48. The stock had a trading volume of 10,385,387 shares, compared to its average volume of 7,058,673. The firm’s fifty day simple moving average is $63.26 and its two-hundred day simple moving average is $63.75. The firm has a market cap of $89.52 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 3.16 and a beta of 0.70. Mondelez International, Inc. has a twelve month low of $57.63 and a twelve month high of $69.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.54.

Mondelez International (NASDAQ:MDLZGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.47 billion. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, March 30th. Mondelez International’s dividend payout ratio (DPR) is currently 47.14%.

In other Mondelez International news, EVP Maurizio Brusadelli sold 26,500 shares of Mondelez International stock in a transaction on Friday, February 25th. The shares were sold at an average price of $65.09, for a total transaction of $1,724,885.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Mondelez International Company Profile (Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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