GSA Capital Partners LLP Makes New $1.69 Million Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

GSA Capital Partners LLP purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,088 shares of the company’s stock, valued at approximately $1,686,000.

A number of other hedge funds also recently made changes to their positions in the stock. Bogart Wealth LLC raised its holdings in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International in the fourth quarter valued at $26,000. HHM Wealth Advisors LLC bought a new stake in Mondelez International during the fourth quarter valued at $29,000. Transcendent Capital Group LLC acquired a new stake in Mondelez International during the 4th quarter worth about $34,000. Finally, Orion Capital Management LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $35,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays cut their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Sanford C. Bernstein boosted their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. TD Cowen cut their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.30 during midday trading on Wednesday, reaching $65.54. 2,068,635 shares of the company traded hands, compared to its average volume of 7,256,307. The firm’s fifty day moving average price is $68.20 and its two-hundred day moving average price is $70.56. The firm has a market capitalization of $87.91 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.54 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, June 28th. Mondelez International’s payout ratio is 53.97%.

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.