Sagespring Wealth Partners LLC Purchases Shares of 11,203 Mondelez International, Inc. (NASDAQ:MDLZ)

Sagespring Wealth Partners LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,203 shares of the company's stock, valued at approximately $669,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Investment Management LLC bought a new position in Mondelez International in the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the 4th quarter valued at $31,000. McClarren Financial Advisors Inc. acquired a new position in Mondelez International in the 4th quarter worth $32,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International during the 4th quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.84 during trading on Friday, reaching $67.32. 10,777,611 shares of the stock were exchanged, compared to its average volume of 8,027,896. The firm has a market cap of $87.08 billion, a PE ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a 50-day moving average price of $65.25 and a 200-day moving average price of $64.02.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International's dividend payout ratio is presently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research reports. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Mizuho raised their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.80.

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.