Ariadne Wealth Management LP Purchases Shares of 21,302 Mondelez International, Inc. (NASDAQ:MDLZ)

Ariadne Wealth Management LP bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,302 shares of the company’s stock, valued at approximately $1,394,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gotham Asset Management LLC boosted its position in shares of Mondelez International by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after purchasing an additional 16,450 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Mondelez International during the first quarter worth approximately $1,686,000. Schroder Investment Management Group increased its holdings in Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after purchasing an additional 168,639 shares in the last quarter. Alaska Permanent Fund Corp grew its stake in shares of Mondelez International by 76.4% in the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after buying an additional 27,370 shares in the last quarter. Finally, GLOBALT Investments LLC GA purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $5,290,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MDLZ shares. Stifel Nicolaus reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Piper Sandler reduced their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Barclays cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $73.67 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market capitalization of $98.82 billion, a P/E ratio of 23.39, a P/E/G ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The company’s 50 day moving average price is $71.61 and its two-hundred day moving average price is $69.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.55%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

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.