Red Spruce Capital LLC Makes New $202,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Red Spruce Capital LLC purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,766 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently made changes to their positions in MDLZ. Moneta Group Investment Advisors LLC raised its position in Mondelez International by 116,165.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after acquiring an additional 23,368,990 shares during the period. Norges Bank bought a new position in Mondelez International in the 4th quarter worth $981,319,000. Price T Rowe Associates Inc. MD lifted its position in Mondelez International by 17.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,603,137 shares of the company’s stock valued at $2,106,349,000 after purchasing an additional 4,685,244 shares in the last quarter. Morgan Stanley grew its holdings in Mondelez International by 25.8% during the fourth quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after purchasing an additional 4,663,166 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in Mondelez International by 109.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,535,165 shares of the company’s stock valued at $568,869,000 after purchasing an additional 4,462,003 shares during the period. Institutional investors own 76.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Mondelez International from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen began coverage on shares of Mondelez International in a research report on Wednesday. They set an “outperform” rating and a $82.00 price objective on the stock. Barclays upped their target price on shares of Mondelez International from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Finally, Morgan Stanley boosted their price objective on Mondelez International from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $77.63.

Mondelez International Price Performance

MDLZ stock traded up $0.41 during trading on Thursday, hitting $71.70. 867,622 shares of the company’s stock traded hands, compared to its average volume of 5,990,302. Mondelez International, Inc. has a 52 week low of $54.72 and a 52 week high of $78.59. The stock has a market capitalization of $97.54 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.39 and a beta of 0.64. The business has a fifty day simple moving average of $72.30 and a 200 day simple moving average of $72.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $8.51 billion during the quarter, compared to the consensus estimate of $8.22 billion. Mondelez International had a net margin of 12.13% and a return on equity of 15.49%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.24 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.425 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.37%. Mondelez International’s payout ratio is 56.29%.

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.