Empyrean Capital Partners LP Invests $22.50 Million in Mondelez International, Inc. $MDLZ

Empyrean Capital Partners LP purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 418,000 shares of the company’s stock, valued at approximately $22,501,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ClearAlpha Technologies LP lifted its holdings in shares of Mondelez International by 415.0% during the 4th quarter. ClearAlpha Technologies LP now owns 55,474 shares of the company’s stock worth $2,986,000 after acquiring an additional 44,703 shares during the period. Brooks Moore & Associates Inc. lifted its stake in Mondelez International by 2.2% in the 4th quarter. Brooks Moore & Associates Inc. now owns 23,505 shares of the company’s stock valued at $1,265,000 after purchasing an additional 500 shares during the last quarter. Align Financial LLC bought a new position in Mondelez International in the 4th quarter valued at approximately $122,000. American Trust Investment Advisors LLC lifted its stake in Mondelez International by 5.9% in the 4th quarter. American Trust Investment Advisors LLC now owns 61,352 shares of the company’s stock valued at $3,303,000 after purchasing an additional 3,432 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Mondelez International by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 1,062,718 shares of the company’s stock valued at $57,206,000 after purchasing an additional 42,348 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Rothschild & Co Redburn reissued a “neutral” rating and issued a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. UBS Group increased their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Price Performance

MDLZ stock opened at $60.86 on Thursday. The company has a fifty day moving average price of $60.38 and a 200-day moving average price of $58.24. The company has a market capitalization of $78.12 billion, a P/E ratio of 30.28, a PEG ratio of 2.43 and a beta of 0.38. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e?commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.