Axa S.A. Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Axa S.A. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 35.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 701,434 shares of the company's stock after buying an additional 181,937 shares during the quarter. Axa S.A. owned 0.05% of Mondelez International worth $41,897,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. DoubleLine ETF Adviser LP increased its position in shares of Mondelez International by 2.3% in the 4th quarter. DoubleLine ETF Adviser LP now owns 59,811 shares of the company's stock valued at $3,573,000 after purchasing an additional 1,372 shares during the last quarter. Wahed Invest LLC increased its holdings in Mondelez International by 5.5% in the fourth quarter. Wahed Invest LLC now owns 34,311 shares of the company's stock valued at $2,049,000 after buying an additional 1,783 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Mondelez International in the fourth quarter valued at $65,000. Freestone Grove Partners LP purchased a new stake in Mondelez International during the 4th quarter worth about $13,522,000. Finally, RBO & Co. LLC boosted its position in shares of Mondelez International by 2.5% during the 4th quarter. RBO & Co. LLC now owns 259,715 shares of the company's stock worth $15,513,000 after acquiring an additional 6,452 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Mizuho upped their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Finally, DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $67.75 on Friday. The stock's fifty day simple moving average is $66.14 and its 200 day simple moving average is $63.66. The stock has a market capitalization of $87.64 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's payout ratio is currently 54.97%.

Mondelez International Profile

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.

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