34,714 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 34,714 shares of the company’s stock, valued at approximately $2,355,000.

A number of other hedge funds also recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its stake in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after acquiring an additional 160 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock valued at $160,000 after acquiring an additional 168 shares during the period. Sound Income Strategies LLC lifted its stake in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after acquiring an additional 168 shares during the period. Sage Private Wealth Group LLC lifted its stake in Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after acquiring an additional 175 shares during the period. Finally, Verus Financial Partners Inc. lifted its stake in Mondelez International by 3.7% during the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company’s stock valued at $340,000 after acquiring an additional 179 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.2%

Shares of MDLZ opened at $69.71 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a 50 day simple moving average of $67.79 and a two-hundred day simple moving average of $65.14. The firm has a market cap of $90.26 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 5.24 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research analyst reports. Piper Sandler upped their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Evercore ISI increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $70.72.

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.