Park Place Capital Corp Has $263,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Park Place Capital Corp lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 35.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,763 shares of the company’s stock after selling 2,052 shares during the period. Park Place Capital Corp’s holdings in Mondelez International were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its position in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $26,000. HHM Wealth Advisors LLC bought a new position in Mondelez International in the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in Mondelez International in the 4th quarter worth approximately $34,000. Finally, Orion Capital Management LLC bought a new position in Mondelez International in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, TD Cowen dropped their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Stock Performance

Mondelez International stock opened at $65.24 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $87.51 billion, a PE ratio of 20.71, a P/E/G ratio of 2.51 and a beta of 0.53. The firm has a fifty day simple moving average of $68.89 and a two-hundred day simple moving average of $70.78. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is 53.97%.

About Mondelez International

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.