7,324 shares in Mondelez International, Inc. (NASDAQ:MDLZ) acquired by Alethea Capital Management LLC

VaselineSeptember 29, 2024

0 3 minutes read

Alethea Capital Management LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,324 shares of the company’s stock, valued at approximately $479,000. Mondelez International comprises approximately 0.4% of Alethea Capital Management LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International in the second quarter valued at about $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter valued at about $29,000. Finally, Transcendent Capital Group LLC bought a new stake in Mondelez International in the 4th quarter worth about $34,000. Institutional investors own 78.32% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several research firms recently weighed in on MDLZ. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Bank of America dropped their price target on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen dropped their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Barclays decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.65.

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Mondelez International stock falls 0.2%

NASDAQ MDLZ opened at $74.20 on Friday. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The stock has a market cap of $99.12 billion, a PE ratio of 23.56, a PEG ratio of 3.02 and a beta of 0.54. 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 company’s 50-day moving average is $71.47 and its 200-day moving average is $69.55.

Mondelez International (NASDAQ:MDLZ – Get Your Free Report ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. In the same period last year, the company earned $0.76 per share. The company’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts estimate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International raises dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30. This represents an annualized dividend of $1.88 and a dividend yield of 2.53%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 53.97%.

About Mondelez International

(Free Report)

Mondelez International, Inc., through its subsidiaries, manufactures, markets and sells snack foods and beverages in Latin America, North America, Asia, the Middle East, Africa and Europe. Offers baked cookies and snacks, including cookies, crackers, savory snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheeses and powdered food and beverage products.