Seven Eight Capital LP Grows Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Seven Eight Capital LP grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 278.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,638 shares of the company’s stock after acquiring an additional 16,654 shares during the period. Seven Eight Capital LP’s holdings in Mondelez International were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Bogart Wealth LLC lifted its stake in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $26,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International during the fourth quarter valued at $29,000. Transcendent Capital Group LLC purchased a new position in Mondelez International during the fourth quarter valued at $34,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Mondelez International during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.53 during trading hours on Tuesday, hitting $66.01. The company’s stock had a trading volume of 3,428,933 shares, compared to its average volume of 7,231,714. The business has a 50 day moving average price of $67.37 and a two-hundred day moving average price of $70.14. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a market cap of $88.54 billion, a PE ratio of 21.01, a PEG ratio of 2.75 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. 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 business earned $0.89 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.425 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.58%. Mondelez International’s dividend payout ratio is currently 53.97%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Sanford C. Bernstein lowered their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Citigroup lowered their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. 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 report on Tuesday. Finally, Evercore ISI reduced their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.39.

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.