Chancellor Financial Group WB LP Purchases Shares of 7,501 Mondelez International, Inc. (NASDAQ:MDLZ)

Chancellor Financial Group WB LP acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,501 shares of the company’s stock, valued at approximately $448,000.

Several other large investors have also made changes to their positions in the business. Marshall Investment Management LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. The Goldman Sachs Group dropped their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Piper Sandler upped their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

Mondelez International Stock Up 1.1%

MDLZ stock opened at $66.90 on Wednesday. The company’s 50 day moving average price is $66.35 and its 200 day moving average price is $63.29. The firm has a market capitalization of $86.62 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the firm posted $0.93 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Mondelez International 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.