Sage Mountain Advisors LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sage Mountain Advisors LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 44.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,802 shares of the company’s stock after acquiring an additional 1,467 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Mondelez International were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MDLZ. Carmel Capital Partners LLC bought a new stake in Mondelez International in the third quarter worth $28,000. First Command Advisory Services Inc. bought a new stake in shares of Mondelez International in the 3rd quarter worth about $29,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $35,000. Impact Partnership Wealth LLC raised its position in shares of Mondelez International by 1,865.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 597 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at about $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft upped their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Citigroup reduced their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, Barclays lowered their target price 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. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Up 1.9 %

Shares of NASDAQ MDLZ opened at $69.41 on Tuesday. The stock has a 50 day moving average price of $70.52 and a 200 day moving average price of $70.51. The firm has a market capitalization of $93.46 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.37 and a beta of 0.56. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

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.